- Elon Musk’s tweet on Sunday raised speculation about DOGE’s integration on X.
- The billionaire previously raised similar suspicions with the X app logo and the DOGE symbol in his bio.
- His Sunday tweet caused a temporary spike in DOGE’s price.
Since the change from Twitter to the X app, Elon Musk has repeatedly hinted at a possible integration of Dogecoin into the X app. Last Sunday, the billionaire who is also the owner of X app, Tesla, and SpaceX made a tweet that raised these suspicions again.
The billionaire tweeted, “Something special is coming soon,” with many comments asking if Musk was referring to DOGE. One of the things fueling these speculations is the logo of the X app and Musk adding the DOGE symbol on his bio.
Elon Musk is one of the biggest advocates of Dogecoin. Initially created as a joke, the meme coin has since become one of the biggest cryptocurrencies in circulation. Since 2019, the billionaire has not made shy his interest in the coin, with his tweets often influencing the market dynamics of the currency.
The billionaire in 2020 contributed massively to the growth of the coin through his posts on Twitter. As a result, a cult following grew around the token, with many looking at Musk to decide when to buy or sell.
Elon Musk also introduced DOGE as a payment option for Tesla, although there are no publicly available data to show whether any of the company’s customers have ever used the token to make a payment.
Since he acquired Twitter, Musk has hinted at expanding the app to a platform similar to WeChat. That way, the app expands beyond a social media platform to offering payment services.
Based on Musk’s Sunday tweet, Twitter influencer David Gokhstein believes X will add DOGE as a payment option. Should that be the case, then DOGE has the potential to evolve beyond just a memecoin to offering real-world utilities.
As seen in the past, his recent tweets and actions caused a sudden spike in DOGE’s price and trade volume. Data from CoinMarketCap shows that the token went up on Sunday before dropping sharply again. At the time of press, the token is changing hands at $0.78.
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