Musk’s Tweet Sparks Speculation, Sends Dogecoin Surging on X Payment Hopes

Dogecoin (DOGE) surged by 5% following renewed speculation surrounding Elon Musk’s vision for payments integration on X, formerly Twitter. The buzz began after Musk shared a screenshot of Joe Rogan’s X profile, featuring a conspicuous dollar icon. Users speculated that this might signal a new money transfer feature tied to X Payments.

DOGE has a history of rallying on Musk-related news, particularly when linked to payments. Musk has repeatedly spoken about transforming X into a multifaceted “everything app,” with payments as a central feature. X Payments LLC has already obtained money transmission licenses in several U.S. states, positioning the company closer to realizing this vision.

Many in the crypto community anticipate that DOGE could be integrated into X’s payment ecosystem, given Musk’s history of endorsing the memecoin. Tesla, Musk’s electric car company, already accepts DOGE for certain merchandise purchases.

In the past 24 hours, DOGE gained 5.4%, far outpacing bitcoin’s stagnant performance. Trading at its highest levels since May 2021, DOGE has rallied an impressive 190% over the last month, demonstrating its continued sensitivity to Musk-driven narratives.