Original source of the text: Niugulu Yao.
Recently, speculation about Elon Musk launching X Payment has surged, with several notable figures and influencers betting on it. Among them, investor hopes for a rise in Dogecoin have grown stronger, as evidenced by recent comments from experts. Furthermore, Musk's connection to the meme coin space and his previous support for Dogecoin have further fueled optimism.
Speculation about Elon Musk launching X Payment has sparked hopes for Cryptos.
As Elon Musk prepares to turn X into a "super app," speculation about its X Payment platform has also surged. According to Forbes, recent leaks indicate that the platform's payment system X Money may launch immediately without full regulatory approval from all states in the USA. X influencer Alex Finn stated that the newly released platform code suggests it will be launched quickly.
X CEO Linda Yaccarino recently confirmed plans to launch X Money in 2025. The payment system is designed to integrate features like Cryptos support, following China's WeChat. While it has not been officially confirmed, there is widespread speculation that Bitcoin, Dogecoin, and stablecoins like USDT may play a key role.
Meanwhile, another X influencer, MacRumors contributor Aaron, has also highlighted this development. In a recent Social Media post, he suggested that "X Money" may launch first in the USA and then gain approval across all 50 states. At the same time, WallStreetBets founder Jaime Rogozinski believes Musk is preparing to disrupt the Digital Currency landscape, referring to it as a "stable secret plan."
It is worth noting that these developments have also driven the integration of Dogecoin with X Pay. In other words, many investors expect Elon Musk's X Pay to make Dogecoin a viable option for investors. This has also sparked hopes for the future rise of top meme coins.
DOGE is expected to rise with Musk's support.
Elon Musk's launch of X Pay could pave the way for Dogecoin. As background, popular market expert Ali Martinez recently made a statement about this development, intensifying speculation. Martinez commented on a post by the founder of WallStreetBets, saying, "It smells like Dogecoin here," emphasizing Musk's known association with the token.
Meanwhile, Musk recently shared a mysterious post, which also fueled speculation about Dogecoin reserves in the USA. Additionally, Donald Trump's newly established Department of Government Efficiency (DOGE) further intensified this speculation. The department is led by Musk and Vivek Ramaswamy, and its acronym resembles Dogecoin's stock code, sparking intense discussions within the broader crypto market.
On the other hand, the Tesla CEO's connections with the cryptocurrency sector have recently gained significant attention. Recently, this tech mogul changed his social media name to Kekius Maximus, leading to a substantial increase in meme coin prices.
However, despite these developments, DOGE's price is still down about 0.7% today to $0.3833. The token reached a 24-hour high of $0.3909, while the price has risen by about 20% over the past week. Additionally, the open interest of DOGE futures has also attracted attention in recent days, indicating a growing optimism among investors regarding the cryptocurrency.