Musk created the official "X Payments" account without warning, which also caused Dogecoin to skyrocket by 13%!

Original author：狗狗幣中文社群之新聞台

Original source：https://www.youtube.com/embed/70etS_L6tCk

https://www.juksy.com/article/125106

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The news we are going to introduce today comes from juksy
This news was published on January 22, 2024 Taiwan time
The title is that Musk created the official "X Payments" account without warning, which also caused Dogecoin to skyrocket by 13%!

Elon Musk recently created the official "X Payments" account of the Dollar. Musk has previously said that he would be surprised if the payment function of the X platform cannot be launched before the end of 2024. The emergence of "X Payments" this time seems to indicate that Musk's plan is underway, especially considering that the X platform has obtained money transfer service licenses in multiple states in the United States in June last year. These licenses are related to "X Payments LLC" (formerly "Twitter Payments LLC"), which is expected to be responsible for the remittance business of the X platform. The market is full of expectations that Musk may release more news through the "X Payments" account. It is also speculated that the X platform may support Dogecoin payment. This potential impact on the cryptocurrency market has also attracted widespread attention.

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

1. The direct impact of Musk’s creation of “X Payments”: According to the original article, Musk created the official account of “X Payments” without warning. This move directly caused Dogecoin to surge by 13% within 24 hours. This shows the market’s high sensitivity to Musk’s actions and the significant influence he has over the cryptocurrency market. Musk’s tweets about Dogecoin have caused price fluctuations many times in the past, and this incident once again proved his influence.

2. The expectation that "X Payments" may support Dogecoin: As mentioned in the original article, the market generally expects that "X Payments" may support Dogecoin as a payment method. This expectation alone is enough to drive the price of Dogecoin higher, as it means that Dogecoin may be used in a wider range of scenarios, thereby increasing its utility and value.

3. Musk’s long-term support for Dogecoin: Musk’s past support for Dogecoin is well known, and he has expressed his positive views on Dogecoin in public and on social media many times. This long-term and sustained support, combined with the latest "X Payments" trends, further strengthens the market's confidence in the future development of Dogecoin.

Overall, Elon Musk’s creation of the “X Payments” account has a significant direct impact on the price of Dogecoin. This not only reflects the market’s sensitive response to his actions, but also highlights Musk’s influence on the cryptocurrency market. . Coupled with the market's expectations that "X Payments" may support Dogecoin, as well as Musk's long-term support for Dogecoin, these factors have jointly promoted the rise in the price of Dogecoin and added confidence in its future development. 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.