Dogecoin Surges $800 Million in Value Amid Elon Musk’s X Payments Expansion

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Dogecoin Surges $800 Million in Value Amid Elon Musk’s X Payments Expansion

In a whirlwind of activity, Dogecoin, the beloved meme-inspired cryptocurrency, has surged to new heights, bolstered by an astounding $800 million increase in open interest, as reported by Santiment data.

This surge in interest coincides with a remarkable 35% price surge over the past 72 hours, culminating in a weekly high of $0.17 on Saturday.

X Payments Expands: Musk’s Ambitious Vision Takes Shape

Amidst this crypto frenzy, Elon Musk’s brainchild, X Payments LLC, is making waves of its own. Born from the X motif that encompasses Musk’s ventures like, SpaceX, and xAI, X Payments has expanded its operational reach by securing coveted money transmitter licenses in three additional states: New Mexico, Oregon, and Illinois.

With this latest development, X Payments can now legally operate in a total of 22 states, marking significant progress towards Musk’s ambitious vision of creating an “everything app” with integrated payment solutions.


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READ ALSO: Dogecoin Whale Transfers Over 1.6 Billion DOGE to Binance and Coinbase

The timing couldn’t be more perfect for Dogecoin enthusiasts as speculation mounts that Dogecoin could emerge as the preferred currency within X’s burgeoning payment ecosystem. Market data suggests that the bullish reaction of Dogecoin traders to Musk’s recent actions has played a pivotal role in driving the cryptocurrency’s price surge.

With X Payments navigating regulatory landscapes and expanding its services, all eyes are on the potential convergence of Musk’s technological prowess and the whimsical world of digital currencies.

READ ALSO: Biden’s Laser Eyes, Elon Musk’s Court, And Other Things That Happened in Crypto Over The Weekend

A Crypto Community on the Edge of Its Seat

As Dogecoin continues its ascent and X Payments paves its way through regulatory hurdles, the crypto community finds itself on the edge of its seat, eagerly anticipating further developments that could cement the intertwining of Musk’s technological innovations and the burgeoning world of digital currencies. With each twist and turn, a new chapter unfolds in this captivating saga, where memes meet money in a dance of unprecedented proportions.

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My name is Oklo Adiga and I am a blogger that loves writing. I am ambitious and driven, I thrive on challenges and constantly set goals for myself. Always feel free to reach out to me if you have any questions or if you just want to connect.