Dogecoin Payments Speculation Intensifies Ahead of X Payment Launch
Anticipation of Dogecoin Integration with X Payments Grows
The buzz around Dogecoin payments through X has gained momentum, especially with the impending launch of the X payment platform. Recent revelations, including a leaked code identified by tech enthusiast Aaron, suggest that X is gearing up to introduce its payment system, X Money, in the United States. This launch is expected to occur even before securing approval across all 50 states. Currently, X has obtained payment transmitter licenses in 38 states, indicating its rapid progress.
Acclaimed American entrepreneur Alex Finn has also weighed in, suggesting that X might roll out its payment services without waiting for comprehensive state approvals. Adding to the excitement, X CEO Linda Yaccarino has announced that the X Money platform will debut this year. This announcement has reignited conversations within the cryptocurrency community about the potential inclusion of Dogecoin in the payment system.
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This speculation is not unfounded, given Elon Musk’s well-known enthusiasm and endorsement of Dogecoin. His autobiography alludes to the integration of cryptocurrencies in his ambitious ‘Everything App’ concept, which aligns with the X Money initiative. With the dismissal of a manipulation lawsuit against him last year, Musk is in a favorable position to advocate for Dogecoin’s integration into the platform.
In an interesting move, Musk has shown his support for Dogecoin by naming a proposed U.S. institution, the Department of Government Efficiency, after the meme coin’s ticker, DOGE. This move suggests that a Dogecoin payment integration with X is not beyond the realm of possibility.
Renowned crypto analyst KrissPax has expressed confidence in Musk’s potential decision to incorporate Dogecoin payments once X Money is launched. The analyst believes that such a development could drive positive momentum for Dogecoin, enhancing its market position.
Dogecoin’s Price Showing Bullish Signals?
Amidst the speculation surrounding Dogecoin payments, the cryptocurrency appears to be entering a bullish phase. Analyst KrissPax has observed that Dogecoin is showing signs of upward movement on the monthly chart, hinting at a potential bullish engulfing green candle formation.
Reflecting on past trends, KrissPax noted similarities with Dogecoin’s performance in May 2024, when the coin experienced a green phase but failed to surpass April’s red candle, resulting in a subsequent price dip. Currently, Dogecoin has witnessed a notable 25% increase in January alone.
The analyst highlighted that if Dogecoin surpasses the $0.422 mark by the month’s end, it could pave the way for further price appreciation in February. At the time of writing, Dogecoin is trading at approximately $0.39, reflecting a gain of over 2% in the past 24 hours, according to CoinMarketCap data.
As the anticipation around X Money’s launch continues to build, the possibility of Dogecoin’s integration remains a topic of keen interest among crypto enthusiasts and investors alike.
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