Quotes of the meme token Dogecoin (DOGE) increased by 15% in a few days – from $0.078 to $0.089 – after the XPayments account appeared on the X social network.
At the time of writing, the coin rate has adjusted to $0.083. According to CoinGeckothe capitalization of the asset reached $11.9 billion, which brought it to 10th place among the largest cryptocurrencies.
Profile XPayments, which has more than 100,000 subscribers, appeared on the evening of January 20 and has not yet published a single message. Representatives of the social network and its owner Elon Musk did not comment on the appearance of the account.
Some users have speculated that the platform may add a crypto-payment function, which will also support DOGE.
Doge is rising as speculation abounds from the creation of the @Xpayments account
Elon has never erred in his support of Doge, even against tremendous pressure during a prolonged bear market
𝕏 Payments is the utility that Doge deserves—Giving The People control of their money!
— 💸💸💸 (@itsALLrisky) January 20, 2024
The founder of Tesla and SpaceX has been promoting the meme token for a long time. In April 2022, he proposed reducing the cost of a Twitter Blue subscription and allowing users to pay for the premium service in DOGE.
In February 2023, the price of the meme cryptocurrency responded to a series of tweets by Musk. The entrepreneur introduced his dog, Floki, as Twitter's CEO and new member of the company's board of directors.
The FLOKI token also increased by 20% after the introduction of XPayments – to $0.000034. However, the coin rate later fell below $0.00003.
In December, Musk said that X would launch a payment service in mid-2024. According to him, the company expects to receive licenses to provide financial services in the fiat and cryptocurrency markets.
The platform’s application for a payment license became known in January 2023. At the same time, the social network began developing appropriate software. In the future, Musk plans to make X a “super app” with paid verification and a financial ecosystem.
Let us remember that at the beginning of 2024, the social network quietly removed the ability to set NFTs as a profile image.
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