Speculation Surrounding Elon Musk’s X Payment Launch Sparks Hopes for Dogecoin Rally
Key Points:
- Experts speculate that Dogecoin could be integrated into Elon Musk’s upcoming X Money payment system.
- Leaked platform code suggests an imminent launch despite incomplete regulatory approvals in the U.S.
- Dogecoin (DOGE) price has surged 20% over the past week amid rising optimism.
Elon Musk’s anticipated X Money platform has fueled discussions about a potential Dogecoin rally, with experts and influencers closely monitoring the developments. The speculation is driven by Musk’s long-standing support for the meme coin and the recent leaks hinting at the integration of cryptocurrencies, including Bitcoin, Dogecoin, and stablecoins, into the payment system.
X Money Payment System: A Bold Move
According to reports, the X Money platform may launch without full regulatory approval in all 50 U.S. states. Influencers like Alex Finn have noted hints within the platform’s code indicating a rapid rollout. X CEO Linda Yaccarino confirmed plans to launch X Money by 2025, with the platform expected to emulate China’s WeChat by incorporating payment and financial services.
Investor Optimism and Market Reactions
Musk’s cryptic social media posts and comments from key figures, including Jaime Rogozinski of WallStreetBets, have added to the speculation. Rogozinski hinted that Musk’s vision aims to disrupt the digital currency market, with some suggesting that Dogecoin could be positioned as a stable currency option.
A post by market analyst Ali Martinez further heightened expectations, as he referenced Musk’s involvement by saying, “It smells like DOGE in here.” Additionally, Musk’s social media persona “Kekius Maximus” and rumors of a “Dogecoin Reserve” have amplified market excitement.
DOGE Price Movement
Despite a slight 0.7% dip to $0.3833 in the last 24 hours, Dogecoin has seen a 20% increase over the past week. It hit a 24-hour high of $0.3909, with rising futures open interest signaling continued investor optimism.
As speculation grows around Musk’s X Money platform, many in the crypto community are eyeing a significant bullish run for Dogecoin if integration becomes a reality.
