Dogecoin (DOGE-USD) saw a 5% increase after new speculation emerged Elon MuskThe long-awaited X Payments service from . The excitement was sparked when Musk posted a screenshot of Joe Rogan’s X profile, which featured a dollar icon different from the platform’s usual tipping system. One user quickly pointed out that this could be a sign of a new money transfer feature, prompting Musk to respond with a simple “true.”
Don’t miss our Black Friday deals:
Musk’s continued influence on Dogecoin
This is not the first time that Musk has influenced the price of Dogecoin. The memecoin has long reacted to Musk’s comments, especially those related to his projects like X (formerly Twitter). Musk has often expressed his intention to turn X into an “all-purpose app,” which could include user-to-user payments. X Payments LLC has already acquired money transmission licenses in most US states, although New York remains an exception.
According to CoinDeskcrypto enthusiasts are now speculating that Dogecoin could be integrated into X Payments once it is up and running. After all, Musk’s electric car company, Tesla (TSLA)already accepts DOGE payments for goods, making it plausible that the token could be used for transactions on enthusiasm in the market.
At the time of writing, Dogecoin stands at $0.3996up 275% over the last 3 months.
