Canine-themed memecoin Dogecoin (DOGE) has hit a weekly excessive following the creation of the brand new “XPayments” account on X (Twitter) — which has now clocked over 100,000 followers.
DOGE climbed 12.8% in a nine-hour window between late Jan. 20 UTC and hit a seven-day excessive of $0.08978 within the early hours of Jan. 21, per Cointelegraph Markets Pro.
It’s since fallen round 4% prior to now day and is presently buying and selling at $0.08330.
Whereas the @XPayments account is yet to make a post and X hasn’t confirmed precisely what cost features it plans to supply, merchants seemingly speculated that DOGE might make a part of the providing as a result of its occasional point out by the positioning’s proprietor, Elon Musk.
Doge is rising as hypothesis abounds from the creation of the @Xpayments account
Elon has by no means erred in his assist of Doge, even towards super strain throughout a protracted bear market
Funds is the utility that Doge deserves—Giving The Folks management of their cash!
— (@itsALLrisky) January 20, 2024
X customers have long hoped that Musk would by some means combine DOGE into the platform as a result of a number of cryptic X posts and bio updates from the often-enigmatic billionaire.
Anybody else discover the Dogecoin (Ɖ) image in Elon Musks location pic.twitter.com/Y1OGT42hD2
— Morgan (@Helloimmorgan) July 24, 2023
Associated: Memecoin trader briefly becomes millionaire off throwaway Elon Musk X gag
Musk has allowed DOGE funds on Tesla’s merchandise store and changed Twitter’s logo to Dogecoin’s shortly after he took over the platform in April 2023, which induced a 22% spike in DOGE’s value.
In December, Musk mentioned he expects funds on X to be launched sometime by mid-2024, final 12 months the corporate applied for money transmitter licenses in a number of U.S. states.
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