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A possible Dogecoin (DOGE) price rally has been supported by speculation surrounding Elon Musk’s X Payment launch. Experts predict a bullish run for dog-themed coin.
With recent speculations around Elon Musk’s X Payment launch, some influencers and prominent figures expressed their confidence in it. This was followed by the investors’ hope for a Dogecoin token rally, which became vivid after experts’ comments. What additionally grows optimism in this animal-themed coin rally is Musk’s previous support for Dogecoin and his general connection to meme coins.
Elon Musk’s X Payment Launch Speculations Drive Optimism Across Crypto World
As Elon Musk prepares to transform X into an “everything app,” the rumors around the X payment launch soared quickly. Recent reports suggest that X Money, the platform’s payment system, could soon go live without obtaining full regulatory approval in all US states, according to Forbes.
The recently unveiled platform code indicates that the platform will be released in the short future, according to an X influencer Alex Finn.
Linda Yaccarino, X’s CEO, said that X Money will be released by 2025. This payment system will be designed to incorporate various features, drawing inspiration from China’s WeChat. Although there’s no formal announcement, speculation suggests that Bitcoin, Dogecoin, and stablecoins like Tether’s USDT could play key roles.
Aaron, another X influencer and contributor at MacRumors, confirmed the platform’s development. His recent post says that X Money will be released in all 50 states before getting the approval.
At the same time, Jaime Rogozinski, founder of WallStreetBets, thinks Musk is ready to play with the cryptocurrency landscape, calling it a “secret plan for stability.”
Elon Musk's (@elonmusk) X is about to drop a crypto bomb that could shake up the digital currency world—the king of chaos has a secret plan for stabilityhttps://t.co/Ew8o4IVSRw
— wallstreetbets (@wallstreetbets) January 5, 2025
These recent developments led to speculation about a Dogecoin integration into X payments. More and more investors expect Elon Musk’s X payment system to include DOGE as an option. Furthermore, this fueled optimism for a possible rally in the leading meme coin.
DOGE Sees Potential Rally Amid Musk’s Support
Musk’s launch of X payment could potentially drive a bullish path for Dogecoin. That said, famous market expert Ali Martinez intensified speculation following his recent comment on the development. He posted a comment on Rogozinski’ post saying that “It smells like DOGE in here”, which emphasizes Musk’s known connection with this cryptocurrency.
At the same time, Elon Musk recently shared a post that raises questions and further fuels speculation about a potential Dogecoin Reserve in the US. Donald Trump’s newly formed Department of Government Efficiency (D.O.G.E.) additionally increases speculations. This department, which will be led by Musk and Vivek Ramaswamy, has an intriguing acronym, further fueling the discussions in the crypto world.
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