Talks about Dogecoin payments on batch X have surfaced again following recent developments. These developments include recently leaked code indicating X payments Launch imminent.
Rumors of Dogecoin payments are on the rise amid the imminent launch of X Money
Talks about Dogecoin payments on X have increased in frequency amid the impending situation X money He releases. in Share Xtech enthusiast Arun recently leaked code indicating that X plans to launch X money in the US before getting approval in all 50 states. The social media platform has already been granted payment sending licenses in 38 states.
American businessman Alex Finn It also previously confirmed that X would launch its own payment service without approval from all 50 states. This came as X CEO Linda Yaccarino confirmed that the “X Money” payment service will be launched this year. With the impending launch of X Money, the cryptocurrency community has once again begun discussing the possibility of integrating X into Dogecoin payments.
This remains a possibility, given Musk’s affinity and support for Dogecoin. Furthermore, his bio indicated that cryptocurrency integration was possible for his “everything app” idea, which was about to give birth to the X Money service. The world’s richest man is also well-placed to push for DOGE’s integration into the payment service since 2018 Fraud claim Against him, it was dropped last year.
Musk has already taken his support of DOGE to another level by naming a The proposed American institution (Government Efficiency Administration) After the meme currency bar, DOGE. Therefore, integrating Dogecoin payments on X is not something that can be ignored by the richest man in the world.
Cryptocurrency analyst KrissPax also stated that he is not betting against Elon Musk to integrate Dogecoin payments when X Money launches. The analyst is confident that such a development could provide upward momentum to the first meme coin.
DOGE enters bullish zone again?
Amid rumors of Dogecoin payments, DOGE appears to be entering bullish territory once again. Chris Backes It revealed that in the monthly time frame, the meme coin is rising this month for a bullish green candle.
The analyst added that the current Dogecoin price movement It can be compared to what happened in May 2024 when DOGE was in the green but did not cross the top of the April red candle, which led to a further price decline.
The cryptocurrency analyst also noted that Dogecoin was already up nearly 25% in January. He noted that if DOGE crosses $0.422 to close this month, it could lead to higher prices in February.
At the time of writing, Dogecoin price is trading at around $0.39, up more than 2% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
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