Popular memecoin Dogecoin (DOGE) jumped 5%, returning to multi-year highs hit earlier this month following new speculation over the long-awaited payment service from Elon Musk-owned social app X.
Apparently, it was Musk who triggered this decision. assignment a screenshot of podcaster Joe Rogan’s X profile. The message included a different dollar icon from the app’s tipping service, one user noted in a Messagespeculating that it could be sending money as part of X Payments.
Musk replied “true” to the message.
The price of Dogecoin has a history to move on to payments-related news – no matter how gimmicky – across all Elon Musk-owned companies, including X, formerly known as Twitter. Musk floated for a long time his projects transforming the social media site into an “app for everything,” encompassing user-to-user payments. X Payments LLC got Money transmitting licenses in most US states except New York.
Some crypto enthusiasts believe that the service, once operational, could include transactions with certain digital assets such as DOGE, given Musk’s opinion. long-standing condition for the token. Musk’s electric car company, Tesla, already accepted DOGE payments for certain merchandise purchases in its online store.
DOGE rallied 5.4% over the past 24 hours, outperforming flat Bitcoin (BTC) prices. The token is up 190% over the past month and is trading at its highest level since May 2021.