Following the announcement of a new “Payments” account by Elon Musk, Dogecoin (Doge) pumping rapidly

Dogecoin (Doge) has witnessed a significant pump in its trade price, as the speculations around crypto & non-crypto payment services on Elon Musk’s company X surged. 

In early this month, X (formerly Twitter) announced the plan to launch P2P payment services for the X users, as a part of Musk’s dream to create an “everything app”. 

X’s announcement on the upcoming payment service failed to mention anything related to crypto payment or Dogecoin (Doge), a popular meme coin backed by Elon Musk. 

On 21 Jan 2024, X created & launched a new X account “Payments”.

The majority of people are speculating that soon Elon Musk or his company X will pass a comment regarding Dogecoin or Doge payment.

What kind of payments do you think are coming to X? #doge #dogecoin pic.twitter.com/o7wHHAjMQC

— Doge Labs | Dogecoin Ordinals (Doginals) & Drc-20 (@verydogelabs) January 21, 2024

Following all these speculations, Dogecoin is trending at the top on the X platform.

All these types of speculations helped the Dogecoin trade price to gain an increment of 10% within a few hours. The current trade price of Doge is $0.086 & this trade price is 10.5% higher than the last 24 hours’ trade price. 

#Dogecoin pumping without any actual news of X-Dogecoin payment. pic.twitter.com/vSUCVgXwle

— Bitcoinik (@Bitcoinikdotcom) January 21, 2024

Dogecoin listing on Flitpay

On 18 Jan 2024, Flitpay, an Indian crypto trade & payment platform, added support for Dogecoin trading. To attract traders’ activities in Dogecoin pair, Flipay offers a 1% deposit bonus. 

$DOGE deposits and withdrawals are available in India on Flitpay.

Deposit now to earn 1% Assured Bonus and reclaim your deposit fees.

1. Repost this post
2. Tag your friends
and 10 lucky winners will stand a chance to win 20 $DOGE each.#dogecoin #deposits #withdrawals… pic.twitter.com/dH1JDwUAZH

— Flitpay: India's Popular Cryptocurrency Exchange (@flitpayofficial) January 18, 2024

Elon Musk & Dogecoin

The whole crypto sector knows very well that Elon Musk loves cryptocurrencies. He mainly supports Bitcoin, Ethereum, & Dogecoin. 

In the past, he once said that he owned only these top three Digital currencies and also suggested other people not invest in multiple cryptocurrencies, to remain away from huge risks. 

Musk’s companies Tesla & SpaceX also hold a decent amount of Bitcoin & Ethereum on the company’s balance sheet. 

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