Dogecoin Army Awaits DOGE Integration on X (Twitter) as a Premium Payment Solution
Release: 2024/06/25 11:40 Reading: 890
The Dogecoin Community Anticipates Integration with Elon Musk's Social Media Platform
Elon Musk's X social media platform is exploring the integration of DOGE for payments, bringing excitement within the Dogecoin (DOGE) community.
Elon Musk's Influence on Dogecoin
Musk's support and endorsements have consistently fueled Dogecoin's popularity. In 2021, the cryptocurrency reached an all-time high of $0.7376, largely attributed to Musk's promotion. Despite a subsequent price decline, DOGE remains one of the top cryptocurrencies by market capitalization.
Preparations for Dogecoin Payment Integration
X has obtained payment licenses in several US states, laying the groundwork for the expected "X Payments" feature, which is likely to include cryptocurrencies. Additionally, DogeDesigner has hinted at the potential introduction of Dogecoin payments by year-end.
Community Enthusiasm for DOGE Integration
The DOGE community is eager to utilize the cryptocurrency for tipping and micropayments on X, viewing it as a natural extension of its growing utility.
Industry Insights
Industry experts believe that cryptocurrencies could play a significant role in future transactions on X, complementing traditional payment methods. This aligns with Musk's long-standing support for decentralized finance and digital currencies.
Dogecoin Price Activity
Dogecoin has experienced fluctuations around the $0.12-$0.14 range, witnessing a recent decline due to selling pressure. However, a surge in trading volume and accumulation by miners has helped stabilize the price above $0.12.
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