Dogecoin’s leap with the launch of X’s paid section page; What is the story about?

Recently, the price of Dogecoin reached its weekly high following the creation of a new account called “XPayments” on the X social network, which now has more than 100,000 followers.

To Report According to Cointelegraph market data, the price of this popular memecoin rose about 12.8% in a 9-hour period in the last hours of January 20 (Dec 30) and reached its highest level in the last 7 days at $0.08978. Since then, the price has fallen more than 8% to $0.08209.

While the XPayments account has yet to post and say anything about how payments will work on X, traders seem to be speculating that Dogecoin could be a part of this new feature; Because Elon Musk, the owner of this platform, occasionally mentions the name of this memecoin.

X users have long hoped that Musk would integrate into the platform in some way due to his cryptic posts on X and the changing bio of the often mysterious billionaire.

After buying Twitter in April 2023 (April 1402), Musk made it possible to pay with Dogecoin in Tesla stores for a short time and changed the Twitter logo to Dogecoin, which caused a 22% increase in the price of this digital currency at that time.

He said in December 2023 (Azer 1402) that he expects X payment services to be launched by mid-2024. By 2023, the company had applied for money transfer licenses in several states in the United States.