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Less than an hour ago, tech billionaire Elon Musk, who owns X app (formerly known as Twitter), issued a post, stating that “something special coming soon”.
This tweet brought a wave of enthusiastic responses from the crypto community, especially from Dogecoin-themed accounts. Many, including influencer David Gokhstein, expect X to add DOGE as a payment method, as Musk many times hinted earlier.
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— Sir Doge of the Coin ⚔️ (@dogeofficialceo) July 29, 2023BTC and ETH to Benefit from US-China Trade Detente, Tom Lee ClaimsMichael Saylor Drops 'Orange Dot Day' Teaser: Did Strategy Buy More Bitcoin Last Week?-62% and 978,000,000 SHIB in 24 Hours: This Is Extremely Good SignMorning Crypto Report: Why Is XRP Price Up Today? Ripple CEO and President Defy Retail Fear, Cardano at Risk of 20% Death Cross Crash
Still, Elon Musk keeps the community intrigued, hinting at another addition to X, which is now undergoing heavy changes, starting with the rebranding from Twitter. Earlier today, Musk posted an image with the app’s new logo – “X” and some major XRP-themed accounts again responded, likening this symbol to the logo of the XRP coin.
At the time of this writing, Dogecoin is up 4.84% in the past 24 hours and has risen 2.88% in the last hour.
If Elon Musk indeed implements DOGE payments on his X app, this would provide Dogecoin an unimaginable adoption and utility boost, along with a massive price surge impulse. So far, Dogecoin is changing hands at $0.08094 after a 13.58% rise over the past week.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team