Talks about Dogecoin payments on Payment X have arisen again following recent events. These developments include recently leaked code that suggests the X payments The launch is imminent.
Dogecoin Payment Rumors Increase Amid Imminent X Money Launch
Talks about Dogecoin payments on X have accelerated amid the impending x money launch. in a x publicationTech enthusiast Aaron recently leaked code suggesting that X plans to launch X money in the US before gaining approval in all 50 states. The social media platform has already been granted payment streaming licenses in 38 states.
american businessman Alex Finn He also previously claimed that X will launch its payment service without approval from all 50 states. This came as X CEO Linda Yaccarino confirmed that the ‘X Money’ payment service will launch this year. With the imminent launch of X Money, the crypto community has again begun discussing the possibility of X integrating Dogecoin payments.
This remains a possibility, considering Musk’s affinity and support for Dogecoin. Additionally, his autobiography hinted that crypto integration was a possibility for his ‘Everything app’ idea, which is about to give rise to the X Money service. The richest man in the world is also well positioned to push the integration of DOGE into the payments service from the tampering lawsuit against him was withdrawn last year.
Musk has already taken his support for DOGE to another level by naming a proposed American institution (Department of Government Efficiency) after the meme currency symbol, DOGE. Therefore, the integration of Dogecoin payments on X is not something that can be overlooked by the richest man in the world.
Crypto analyst KrissPax also stated that he is not betting against Elon Musk to integrate Dogecoin payments when X Money goes live. The analyst is confident that such a development could provide further bullish momentum for the top meme coin.
DOGE enters bullish territory again?
Amid rumors about Dogecoin payments, DOGE appears to be entering bullish territory again. KrissPax revealed that in the monthly period, the meme coin is rising this month to have a bullish engulfing green candle.
The analyst added that the current Dogecoin price action It can be compared to what happened in May 2024, when DOGE was in the green but did not break above the top of the red April candle, causing a new price drop.
The crypto analyst also noted that Dogecoin was already up about 25% in January. He commented that if DOGE breaks above $0.422 to close this month, that could lead to higher prices in February.
At the time of writing, Dogecoin price is trading at around $0.39, up more than 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
