If Musk’s X platform launches P2P payments, Dogecoin will shine

Original author：狗狗幣中文社群之新聞台

Original source：https://www.youtube.com/embed/Iahcc74QeIw

https://u.today/dogecoin-doge-shines-...

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This news was published on January 10, 2024, Taiwan time
The title is: Dogecoin will shine if Musk’s X platform launches P2P payments

Musk’s social media platform The most high-profile of this innovative initiative is Dogecoin, which benefits from Musk’s continued support for it. Musk has said that Dogecoin has advantages over Bitcoin in payments. Last year there was news that X was developing a social media payment system, but the specific details have not been made public. Sources revealed that Musk’s first goal is to integrate fiat currency payments, with the possibility of adding cryptocurrency options later. Last year X partnered with eToro to develop financial tools, showing that cryptocurrencies may have a place in its payment system. The price of Dogecoin has increased significantly since Musk acquired As the payment function of the X platform is about to be launched, the market is full of expectations for the future development of Dogecoin. It is regarded as an important step in the daily payment application of cryptocurrency and may bring new trends to the entire encryption market.

In this news, we can analyze the price trend of Dogecoin from the following perspectives:

1. X platform launches P2P payment function: Musk’s X platform (formerly Twitter) plans to launch peer-to-peer payment function, which is good news for Dogecoin. Taking into account the extensive user base and influence of the

2. Musk’s support for Dogecoin: Musk’s continued support for Dogecoin has an important impact on its market performance. In the past, Musk’s positive comments and actions on Dogecoin, such as Tesla accepting DOGE as payment, have had a significant positive effect on its price. With the launch of the payment function of the X platform, Musk may further promote the application of Dogecoin, thus enhancing the market's confidence in DOGE.

3. The trend of cryptocurrency payment: In recent years, the application of cryptocurrency in the field of payment has been increasing, and the market’s acceptance of cryptocurrency payment has continued to increase. Dogecoin has potential advantages in small-amount transactions due to its fast transaction speed and low handling fees. With the possible support of mainstream platforms such as X Platform, Dogecoin’s application prospects in daily payments are promising.

In general, with the launch of peer-to-peer payment functions on Musk’s social media platform This development not only enhances Dogecoin’s potential for use in daily transactions, but may also further drive its price upward, especially as cryptocurrency payments become increasingly popular. Based on the above factors, this channel believes that this is the golden moment for long-term investors to accumulate chips and plan for the future. However, it must be emphasized that these views we share are not professional investment advice. They are only based on our observations and analysis. If you have any questions about our interpretation, we recommend that you refer to the source news link attached in the information column. For further verification, it is crucial for investors to do their own homework. Please remember to never invest in something you do not understand, never invest in a position that you cannot afford to lose, and make investment decisions carefully. . Of course, we will continue to pay close attention to the latest developments in Dogecoin.