Dogecoin experiences a surge to a seven-day high, reaching $0.08978, following the rapid growth of the newly created “XPayments” account on the X platform.
Key Takeaways
- Dogecoin attains a seven-day high of $0.08978, spurred by the popularity of the newly established “XPayments” account on the X platform.
- The account gains over 100,000 followers within a day, triggering speculation among traders about potential payment functions on X, possibly involving Dogecoin.
- Despite a subsequent 4% decrease, Dogecoin is currently trading at $0.08330.
- Elon Musk’s occasional mentions and cryptic posts on X fuel trader expectations of Dogecoin integration into the platform’s payment functions.
Dogecoin Surges on XPayments Account Growth
In a notable development, Dogecoin has surged to a seven-day high of $0.08978, triggered by the rapid growth of the newly created “XPayments” account on the X platform (previously Twitter). This account, focused on payments, amassed over 100,000 followers in a single day, reflecting heightened interest in Dogecoin within the X community.
The surge in Dogecoin’s value, a notable 12.8% increase in a nine-hour window on January 20, follows the speculation among traders about the potential integration of Dogecoin into the payment functions of X.
XPayments and Elon Musk’s Influence
While the “XPayments” account is yet to make any posts, traders are actively speculating about its potential offerings, with some suggesting that Dogecoin could be part of the platform’s payment features. This speculation is fueled by Elon Musk’s occasional mentions of Dogecoin and his enigmatic posts on the X platform.
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Elon Musk, known for his influence in the crypto space, has previously allowed Dogecoin payments on Tesla’s merchandise store and made headlines by changing Twitter’s logo to Dogecoin’s after taking over the platform in April 2023, resulting in a 22% spike in DOGE’s price.
To Conclude
The surge in Dogecoin’s value to a seven-day high, driven by the rapid growth of the “XPayments” account on X, has sparked speculation among traders about the potential integration of Dogecoin into the platform’s payment functions. Elon Musk’s influence, past mentions, and cryptic posts on the X platform contribute to the anticipation of Dogecoin playing a role in X’s future payment offerings.
