X To Unleash The Dogecoin Flood? Payments Promise Stirs Community
Release: 2024/05/19 12:04 Reading: 289
- Original author：Bitcoinist
- Original source：https://bitcoinist.com/?p=300868
,The Dogecoin army is barking with excitement after an insider hinted at the long-awaited integration of Dogecoin (DOGE) into X Payments, Elon Musk’s social media platform. However, a closer look reveals a reality check is needed before Doge rockets to the moon. Related Reading: Trump Crypto Boom: Ex-President’s Portfolio Soars 4,000% Amid Re-Election Frenzy Dogecoin Disciples Rejoice At Insider’s Tweet A spark ignited the Doge community when “DogeDesigner,” an insider with both X and Dogecoin connections, tweeted about a potential late-2024 launch of X Payments with DOGE support. This unleashed a wave of enthusiasm, with both crypto enthusiasts and regular users eager to see the meme coin take center stage on the popular platform. ? Payments 一 Later this year! pic.twitter.com/Gubhwa50sn — DogeDesigner (@cb_doge) May 17, 2024 But Musk Remains Silent: Will Doge See The Light Of X? The rumors of a Doge-X marriage have circulated before. Similar murmurs have inspired the crypto community—especially those sporting Doge avatars—to respond time and time again with unwavering optimism. But Musk, the X-wielding, Doge-loving ruler, has been remarkably silent. He hasn’t specifically rejected DOGE’s inclusion, but it’s still difficult to get an official confirmation from him. src="/uploads/20240519/1716093630664982be0858e.png">Total crypto market cap currently at $2.3 trillion. Chart: TradingView The lack of confirmation doesn’t dampen the Doge army’s spirits. Their unwavering optimism is fueled by X Corporation’s recent acquisition of licenses allowing them to process cryptocurrency payments in specific US states. This intriguing move has the crypto world abuzz with speculation, with many interpreting it as a potential first step towards embracing DOGE for payments. A Reality Check Is Needed Despite the excitement, a dose of reality is necessary. First, Musk has repeatedly and emphatically stated that neither X nor any of his ventures plan to create their own cryptocurrencies. This stance was a direct response to scams targeting unsuspecting investors and rumors of a future “X coin.” The ongoing scrutiny by the US Securities and Exchange Commission on altcoins likely plays a role in this decision. src="/uploads/20240519/1716093630664982be0858e.png">DOGE price action in the last week. Source: CoinMarketCap Second, even with X Payments accepting cryptocurrencies, there’s no guarantee DOGE will be the chosen one. Several established cryptocurrencies with larger market caps and wider adoption might be more attractive options for X. Related Reading: Phony Philanthropy? Notcoin’s $6.8 Million Gift To Telegram Founder Rings Alarm Bells The Doge Army’s Undying Hope These obstacles don’t seem to bother the Doge army, which is renowned for its unshakable allegiance. They cling to the hope that DOGE will be accepted as payment on X due to Musk’s previous affection for the joke coin. If their persistent optimism pays off, or if their hopes of a Doge-powered X come crashing down, remains to be seen. Will X Payments become the launchpad for Dogecoin’s next moonshot, or will it be another case of Doge dreams deferred? The answer lies with Musk, and with the ever-evolving landscape of cryptocurrency regulation. Featured image from @ComicBook/X, chart from TradingView
Recent news
More>- PEPE Now Available for New York Users to Trade on Coinbase 11-28
- Tether Discontinues Support for EURT Stablecoin: Here’s Why 11-28
- Best Trending Meme Coins in December 2024: 6.5 Billion Coins Sold in BTFD Coin’s Ongoing Presale, Pepe Coin and Ponke on the Rise 11-28
- As Top Cryptos Recover After Recent Dip, New Meme Coin Pepe Unchained’s Unstoppable Presale Powers Ahead — Only 16 Days Left 11-28
- As Top Cryptos Recover After Recent Dip, New Meme Coin Pepe Unchained’s Unstoppable Presale Powers Ahead — Only 16 Days Left 11-28
- As Top Cryptos Recover After Recent Dip, New Meme Coin Pepe Unchained’s Unstoppable Presale Powers Ahead — Only 16 Days Left 11-28
- Missed PEPE? Don’t Miss Out on This New Token That’s Breaking Records at Lightning Speed 11-28
- CHILLGUY meme coin could be at risk as smart money sells 11-28
- Top Trending Meme Coins to Buy in 2025: BTFD Coin Presale Raises Over $150,000 in Less Than 24 Hours Since Going Live, Dogecoin and Dogs Gro... 11-28
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com