Dogecoin Soars As Elon Musk's X Payments Gains Ground, Enthusiasts Rally With $800M Boost
Portfolio Pulse from Bibhu Pattnaik
Dogecoin (DOGE) experienced a significant surge, increasing by 35% over 72 hours, reaching a weekly high of $0.17, following Elon Musk's X Payments LLC's expansion. X Payments, part of Musk's broader vision for an 'everything app', secured money transmitter licenses in New Mexico, Oregon, and Illinois, bringing the total to 22 states. This expansion and Musk's influence have fueled speculation that Dogecoin could become the preferred currency for X's payment ecosystem, contributing to its price increase.
March 24, 2024 | 4:50 pm
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Dogecoin's price surged by 35% to $0.17, influenced by Elon Musk's X Payments expansion and speculation of becoming X's preferred payment currency.
The price surge in Dogecoin is directly linked to the expansion of Elon Musk's X Payments and the speculation that it could become the preferred currency for X's payment ecosystem. Musk's influence and the operational expansion of X Payments in additional states have positively impacted Dogecoin's market perception and price.
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