Elon Musk puts an end to speculation by confirming that he will not be creating an X cryptocurrency for the renamed social network Twitter. This announcement has an immediate effect on the price of Dogecoin (DOGE), rising by over 2% in a matter of moments. Find out how the DOGE token could become a means of payment on the X platform, unveiled by Elon Musk to integrate payment solutions and video chat functionalities.
The cryptocurrency world was suspended in palpable uncertainty after the Twitter social network was rebranded X. The question on everyone’s lips was whether Elon Musk, owner of Twitter following its $44 billion acquisition, would launch the X cryptocurrency.
Big ambitions for X
Fortunately, Tesla’s CEO quickly put an end to such speculation by replying to a tweet from the DogeDesigner account. Elon Musk confirmed that there will be no X crypto. This statement had an immediate impact on the price of Dogecoin (DOGE), which rebounded by over 2% in a flash.
Elon Musk’s love of Bitcoin is well known, but he’s also a big fan of the Dogecoin cryptocurrency, which he regularly promotes on his Twitter account and even on TV shows such as Saturday Night Live.
The confirmation that he has no intention of creating an X cryptocurrency reinforces the hypothesis that the DOGE token could become a means of payment on the X platform.
On several occasions, Elon Musk has expressed his intention to make Dogecoin a payment method on the social network Twitter. He recently announced that a payment solution would be integrated into X accounts by the end of 2023. Many believe that Dogecoin will be one of the payment options available on the platform.
More than just a social medium, Elon Musk has big ambitions for X. He wants to make it a complete platform, integrating payment solutions and video chat functionalities.
The current price of Dogecoin (DOGE) is around $0.076. With recent developments linked to X and Elon Musk’s commitment to cryptocurrency, the future of DOGE is more mysterious and exciting for investors than ever.