"Dogecoin (DOGE) jumped 5%, returning to multi-year highs, following fresh speculations on Elon Musk-owned app X's long-anticipated payment service."
"Musk's post included a dollar icon that differed from the app's tipping service, suggesting it might be tied to X Payments."
"X Payments LLC has obtained money transmitting licenses across most U.S. states, excluding New York, furthering the possibility of payment integration."
"DOGE advanced 5.4% over 24 hours, outperforming bitcoin prices, and has risen 190% over the past month, reaching the highest level since May 2021."
Dogecoin (DOGE) increased by 5%, returning to multi-year highs due to speculations regarding the payment service of Elon Musk's social app X. The potential catalyst was Musk's screenshot post involving Joe Rogan's X profile, featuring a dollar icon distinct from the tipping service. Musk confirmed the speculation as true. Historically, Dogecoin's price has reacted to news related to payments at Musk's companies. X Payments LLC has secured necessary licenses, suggesting future integration of cryptocurrencies like DOGE in the payment service, already bolstered by Tesla's acceptance of DOGE for merchandise.
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