Dogecoin barks again after fresh Elon Musk speculation

Image: Thomas A. Fink/Shutterstock

Dogecoin is rising Friday, hitting its highest price in over a week as speculation over Elon Musk introducing payments to his X social media platform—formerly Twitter—arises again. 

Tesla’s CEO, and the world’s wealthiest man, posted an image of Joe Rogan’s podcast profile on Friday morning. In the snap, a dollar sign appears next to the celebrity’s profile picture—leading to speculation that a new feature could soon be revealed. 

Musk responded simply when a X-user posted on Facebook on Friday, pointing out that the new widget does not appear to the users of the platform at the moment. “True.”

“My speculation is that ‘$’ button is used for sending money to someone as a part of X Payments,” Nima owji is described in his bio as an “independent app researcher.”

Dogecoin has now increased 4% within the past 24 hour and now costs $0.40. You may also like CoinGecko. The price briefly rose above $0.41, its highest level in over a week.

In the last week it has risen 87%, after a spectacular rally following Musk’s remarks and Bitcoins’ new all-time highest levels. 

In the space of 30 days, the coin—which is the seventh-biggest digital asset—has jumped in price by 189%. It hit A three-year high Early last week, the price was about $0.43

Dogecoin is a cryptocurrency that was created in 2013 as a humorous tribute by a team of software engineers. “doge” Shiba Inu Dog meme. It was meant to be a joke about the new altcoins that entered the crypto world after Bitcoin took hold.

Elon Musk is a CEO at a technology company. He started posting memes in 2020 to pump up the value of this coin.

In 2021 it reached an all time high of $0.73, then fell hard. Musk is promoting the coin as well as his upcoming role as the Department of Governmental Efficiency in Donald Trump’s government.

Musk—who bought Twitter in 2022 and changed its name to X—has enthusiastically spoken about users making payments on the platform.

Musk, before buying Twitter, teased possible plans to incorporate Dogecoin into the purchase of premium subscriptions. However, Documents Shown Below earlier this year that while a payment feature was in the works, crypto wasn’t a part of the plans—at least not at first. 

  Rumble Adopts Bitcoin Treasury Technique, Echoing Strikes by MicroStrategy

Edited By Andrew Hayward

AI Seed Phrase Finder