The Dogecoin (DOGE) memecoin has witnessed a surge in popularity, achieving a new weekly follower milestone of over 100,000 on its XPayments account, hosted on X (formerly Twitter). Data indicates that DOGE experienced a 12.8% price increase within a 9-hour window on January 20, reaching a 7-day high of $0.08978 during the early hours of January 21.
Subsequently, the price has seen a slight decline of approximately 4% in the past 24 hours, settling at $0.08330. Despite the XPayments account not being officially announced, speculations are circulating that DOGE may be involved, fueled by occasional mentions from the platform's owner, Elon Musk. Musk, known for his cryptic X posts and bios, has been a source of anticipation among X users regarding the integration of DOGE into the platform.
While the exact payment features of the XPayments account remain unconfirmed, users are optimistic about the potential involvement of DOGE. Elon Musk had previously allowed DOGE payments for Tesla's merchandise store and briefly changed X's logo to Dogecoin after assuming control of the platform in April 2023, causing a notable 22% surge in DOGE's price. Musk announced in December 2023 that X's payment functionality was expected to launch in mid-2024, and the company had applied for money transfer licenses in several U.S. states during 2023.
