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The idea of Dogecoin The community to promote DOGE and expand the range of its utility cases continues to thrive. The main trigger was Elon Musk integrating his favorite cryptocurrency as a payment option with Tesla and SpaceX.
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Dogecoin creator says “yes” to paying for X products with DOGE
Now, the Dogecoin community has supported the idea of using DOGE as payment for X products if those products are ever sold by the social media giant that is owned by Elon Musk. The idea was suggested by a DOGE enthusiast on X @dogeofficialceo.
Billy Markus, known on social media as Shibetoshi Nakamoto, who created DOGE together with Jackson Palmer in 2013, also voted in favor of the fun idea.
Dogecoin Could See 27% Rally, Analyst Predicts
Cryptocurrency trader and analyst Ali Martinez used his X account to share a Dogecoin price prediction that could become real in the near future.
Commenting on a DOGE/USDT chart, on which DOGE is about to break out of the downtrend, Martinez tweeted that Dogecoin now needs to break above the $0.169 resistance level. If that happens, he said, then the largest meme cryptocurrency could start on a 27% rally and hit the $0.209 level.
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Elon Musk unleashes crypto army with DOGE release
On October 28, the tech billionaire Elon Musk posted a photo of himself taken during one of his recent public speeches during his tour of the United States, where he raises his hands, hardening his biceps in a victorious gesture.
This photo was combined with a DOGE meme where the dog with the body of a human weightlifter raises his hands in the same gesture. Musk is a well-known Dogecoin supporter and meme lover, who frequently posted DOGE memes in the past on his Twitter account long before he purchased this platform and renamed it X.
The DOGE community reacted with great enthusiasm, seeing that Musk still loves and supports Dogecoin. Musk even prefers to call the recent project in which Musk was offered a leadership position – DOGE – which is short for Department of Government Efficiency. However, the launch of this organization is not yet assured. Things must be clarified after November 5.