Elon Musk’s X and Cryptocurrency: Is Dogecoin the Next Move?

Dogecoin, the internet's favourite canine-inspired meme currency, may be poised for a pivotal role as a payment option on X (formerly Twitter).

Altcoin Daily's X account handler suggests a substantial integration of Bitcoin, Ethereum, and notably Dogecoin into X, envisioning an expansive role for these cryptocurrencies on the platform.

Elon's Cryptic Plans

Elon Musk, the Chief Technological Officer of X, has expressed his desire to transform the social media giant into the ultimate payment and multipurpose application. Speculation looms over whether Musk will execute this transition gradually or abruptly, given his unpredictable nature.

Dogecoin: The Underdog in the Trio

Altcoin Daily highlights Dogecoin's unique position among the trio. Despite being the smallest in market capitalization compared to Bitcoin and Ethereum, Dogecoin's connection with Musk has stirred anticipation of integration into X once the payment feature is unleashed.

Musk's Dogecoin Saga

Musk's association with Dogecoin commenced three years ago, catalysing a nearly 20% surge in its value. Recent revelations by crypto influencer MartyParty, identifying DOGE in Tesla's Cybertruck checkout page source code, further fuelled the Dogecoin rally that began in mid-October. From a low of $0.0569 on October 9, DOGE surged by over 60%, reaching $0.0927 before settling at $0.0882 during the time of writing.

The Influence Factor

Should Altcoin Daily's predictions materialise, Dogecoin's ascent could be substantial. Elon Musk's impact during the previous crypto bull run propelled DOGE to an extraordinary 6,800% surge.