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Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet

Popular memecoin Dogecoin (DOGE) jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service.Apparently triggering the move was Musk posting a screenshot of podcaster Joe Rogan's X profile. The post included a dollar icon that's different from the app's tipping service, one user noted in an X post, speculating that it might be for sending money as part of X Payments.UnmuteBitcoin Breaches New Record Above $98K as MicroStrategy Soars and Trump Considers 'Crypto Czar'

01:56Bitcoin Nears $100K as BTC Battles Pullback with Bullish Sentiment14:15The Comeback of Bitcoin Programmability Like 'Renaissance': Portal VC Founder02:35Trump Considers Crypto Lawyer for SEC Chair, Picks Howard Lutnick for Commerce Secretary01:25Bitcoin Posts New ATH Amid BlackRock's IBIT Options LaunchMusk replied "true" to the post.

Dogecoin's price has a history of moving on payments-related news — no matter how fanciful — at any Elon Musk-owned companies including X, formerly known as Twitter. Musk long floated his plans to turn the social media site into an "everything-app," encompassing payments between users. X Payments LLC obtained money transmitting licenses in most U.S. states, excluding New York.

Some crypto enthusiasts speculate that the service, once live, might include transactions with some digital assets such as DOGE, given Musk's long-standing affection for the token. Musk’s electric car company, Tesla, already accepts DOGE payments for some merchandise purchases in its online store.DOGE advanced 5.4% over the past 24 hours, outperforming flat bitcoin (BTC) prices. The token is up 190% over the past month and trading at its highest level since May 2021.Edited by Stephen Alpher.

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