Following recent developments, talks about Dogecoin payments on X-Payment have resurfaced. These developments include a recently leaked code that suggests this X payments The start is imminent.
Dogecoin payment rumors are increasing amid the impending launch of X Money
Talks about Dogecoin payments on X have gained momentum given the upcoming development X money Start. In one X contributionTech enthusiast Aaron recently leaked code suggesting that X plans to launch X Money in the US before it receives approval in all 50 states. The social media platform has already received payment sender licenses in 38 states.
American entrepreneur Alex Finn Additionally, it was previously claimed that X would launch its payments service without the approval of all 50 states. This comes as X CEO Linda Yaccarino confirmed that the “X Money” payment service will be launching later this year. With the launch of X Money imminent, the crypto community has once again started discussing the possibility of X integrating Dogecoin payments.
Given Musk’s affinity and support for Dogecoin, this remains a possibility. Additionally, his autobiography suggested that crypto integration was a possibility for his “Everything App” idea, which is about to give birth to the X Money service. Since then, the richest man in the world has also been in a good position to advance DOGE integration into the payment service Manipulation lawsuit against him was dropped last year.
Musk has already taken his support for DOGE to another level by naming one proposed US institution (Department of Government Efficiency) according to the ticker of the meme coin, DOGE. Therefore, integrating Dogecoin payments on X is not something the richest man in the world can do.
Crypto analyst KrissPax also stated that he is not betting against Elon Musk when it comes to integrating Dogecoin payments when the X Money goes live. The analyst is confident that such a development could provide further upside to the main meme coin.
Is DOGE entering bullish territory again?
Given the Dogecoin payment rumors, DOGE appears to be moving back into bullish territory. KrissPax revealed that the meme coin is pushing higher on the monthly time frame this month to have a bullish engulfing green candle.
The analyst added that the current Dogecoin price history can be compared to what happened in May 2024, when DOGE was in the green but failed to clear the top of the red candle in April, causing the price to fall further.
The crypto analyst also noted that Dogecoin is already up around 25% in January. He noted that if DOGE breaks above $0.422 this month, it could lead to higher prices in February.
At the time of writing, Dogecoin price is trading at around $0.39, up over 2% in the last 24 hours Data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com