Dogecoin Payments Rumored Ahead of X Money Launch

Talks about Dogecoin payments on X Money have intensified following recent developments. Leaked code suggests that the launch of X Money, the payment service tied to Elon Musk’s X platform, is imminent.

Tech enthusiast Aaron recently revealed in an X post that X Money plans to launch in the U.S. without waiting for approval in all 50 states. Currently, X holds payment transmitter licenses in 38 states, setting the stage for an anticipated rollout.

Elon Musk’s Influence and Dogecoin Support

The crypto community has reignited speculation about Dogecoin’s integration into X Money, driven by Elon Musk’s long-standing support for the meme coin. Musk’s history of promoting DOGE includes:

• Naming a proposed U.S. institution Department of Government Efficiency (DOGE) after the coin’s ticker.
• Hints of cryptocurrency integration for his “Everything App” concept, which underpins X Money.

With the dismissal of a manipulation lawsuit against Musk in 2024, the path seems clearer for him to push Dogecoin payments into the X ecosystem.

Analyst Perspectives on Dogecoin Integration

Crypto analyst KrissPax believes that Musk is likely to integrate Dogecoin payments into X Money, potentially driving bullish momentum for the coin. According to KrissPax, such integration would reinforce Dogecoin’s position as a viable payment option and align with Musk’s vision for X.

DOGE Price Action and Bullish Sentiment

Amid these rumors, Dogecoin is showing signs of entering bullish territory. On the monthly chart, the coin is forming a bullish engulfing green candle, signaling potential upward momentum.

KrissPax noted parallels between current price action and May 2024, when DOGE’s failure to overtake prior resistance led to a price drop. However, if Dogecoin surpasses $0.422 by the end of January, it could spark higher prices in February.

Current Market Data:

• Price: $0.39
• 24-Hour Change: +2%
• Monthly Performance: +25%

The imminent launch of X Money has reignited discussions about Dogecoin integration, fueled by Musk’s support and leaked developments. With DOGE already showing bullish trends, a potential integration could significantly boost the meme coin’s trajectory. Investors and the crypto community alike are closely watching for official announcements.