Dogecoin (DOGE) Price Goes Green as Elon Musk’s Xpaids Launch Nears

Dogecoin (DOGE) Price Goes Green as Elon Musk's Xpaids Launch Nears

The price of Dogecoin (DOGE) has seen an unexpected surge, rising more than 14% in just 12 hours. The cryptocurrency, known for its meme-inspired roots, witnessed a rapid rise from $0.079 to $0.091, leaving the crypto community abuzz with speculation.

The price of Dogecoin (DOGE) has seen an unexpected surge, rising more than 14% in just 12 hours. The cryptocurrency, known for its meme-inspired roots, witnessed a rapid rise from $0.079 to $0.091, leaving the crypto community abuzz with speculation.

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The engine of this explosive growth seems to be linked to the enigmatic figure of Elon Musk and his ambitious project, Xpagos. The renowned entrepreneur, renowned for his penchant for cryptocurrencies, particularly DOGE and Bitcoin (BTC), has been making waves with his plans to transform X into a super app, encompassing various services, including financial offerings.

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DOGE to USD by CoinMarketCap

Notably, X, previously associated with Twitter, officially launched its Xpaids account, signaling a pivotal move into the financial sector. Musk’s commitment to this company is underlined by the acquisition of licenses for monetary operations in several US states. Reports suggest that X is preparing to introduce peer-to-peer payments, with Musk hinting at possible public availability by mid- 2024.

Dogecoin to X?

While Musk has categorically stated that his companies have no intention of issuing their own tokens, the increase in DOGE price coincides with the presentation of updates on the Xpaids social media page. This has sparked speculation among the crypto community about a possible integration or collaboration between Dogecoin and X, further fueled by Musk’s known affinity for both DOGE and BTC.

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However, as of now, it remains to be seen if Dogecoin is on the verge of a significant partnership with X or if this is simply a market reaction to Musk’s influence.

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