{"id":354211,"date":"2024-09-23T18:07:42","date_gmt":"2024-09-23T12:37:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/how-high-could-dogecoin-price-go-if-elon-musks-x-uses-doge-payments-crypto-news\/"},"modified":"2024-09-23T18:11:58","modified_gmt":"2024-09-23T12:41:58","slug":"how-high-could-dogecoin-price-go-if-elon-musks-x-uses-doge-payments-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/how-high-could-dogecoin-price-go-if-elon-musks-x-uses-doge-payments-crypto-news\/","title":{"rendered":"How High Could Dogecoin Price Go If Elon Musk&#8217;s X Uses DOGE Payments? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">DOGE, the largest cryptocurrency by market cap, has recently adopted a sideways trend above $0.091 support. The consolidation is gaining speculation of Dogecoin price bottoming as the broader market rebounds amid the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/why-the-federal-reserve-made-a-huge-interest-rate-cut\/\">0.5% rate cut<\/a> by U.S. Federal Reversal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another reason fueling hope for a Dogecoin price reversal is the active support and endorsement from Tesla CEO Elon Musk for this cryptocurrency. Market participants are now speculating just how high this dog-themed meme could soar if Musk\u2019s social media platform, X (formerly known as Twitter), officially adopts DOGE as a payment method.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2><strong>How Far Could Dogecoin Price Rally If Elon Musk\u2019s X Integrates DOGE Payments?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The influence of Elon Musk\u2019s activity on Dogecoin is undeniable. Since he acquired Twitter (now rebranded to X), market speculation rumors have circulated about his plans to integrate cryptocurrency payments, with Dogecoin being the frontrunner.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If X were to implement DOGE payments, the demand for the token would likely skyrocket, as it could be used for tipping, subscriptions, advertising, and even goods or services within the ecosystem.<\/span><\/p>\n<p>Around 48 hours after the announcement, the Dogecoin price could surge 20-30%, similar to the spike observed in early May 2024 when <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/elon-musk-tesla-adds-dogecoin-as-payment-method-doge-price-rally-20\/\">Musk added DOGE payment<\/a> for some Telsa products and merchandise.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the increased utility will boost DOGE transactions and overall network activity, leading to more liquidity and potentially driving natural demand for this cryptocurrency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, If X adopts Dogecoin as a native payment option, the coin price could witness an accelerated recovery to a $0.73 All-time-high or even attempt for the $1 breakout.<\/span><\/p>\n<p>Check out the article on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/meme-coin\/\">top meme coins to buy<\/a> for a detailed analysis.<\/p>\n<h2><strong>DOGE Price Escapes 5-Month Downtrend<\/strong><\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400;\">In the last three weeks, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/dogecoin-doge-price-prediction\/\">Dogecoin price prediction<\/a> showcased a V-shaped reversal from $0.0889 to\u00a0 $0.107\u2014 a 20% increase. Amid this upswing, the buyers managed to reclaim 20-and-500-day EMA and gave a decisive breakout from the falling wedge pattern on September 13th.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This breakout signals the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/dogecoin\/\">DOGE price<\/a> escape from a 5-month correction trend. With sustained buying, the buyers could challenge the overhead resistances of $0.115, followed by the $0.144 barrier.<\/span><\/p>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/En7ucnvy.png\" alt=\"Dogecoin Price \" width=\"1946\" height=\"893\"\/><\/noscript><figcaption class=\"wp-caption-text\">DOGE\/USDT -1d Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">On the other hand, if the Dogecoin price fails to sustain above the 20-day EMA slope, the sellers may push the asset within the wedge pattern and retest the $0.91 bottom support.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tIf Elon Musk&#8217;s X integrates Dogecoin payments, the price could potentially surge to $0.73 all-time high or even a breakout to $1.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe breakout from a 5-month-long wedge pattern on September 13th signaled an end to the correction trend, setting up DOGE to challenge resistance levels at $0.115 and $0.144.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tThe 20-and-500-day EMAs are acting as key support levels, providing pullback opportunities for dip buyers and aiding Dogecoin\u2019s price stability during its current uptrend.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/how-high-dogecoin-price-elon-musks-x-doge-payments\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/how-high-dogecoin-price-elon-musks-x-doge-payments\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Sahil Mahadik  <\/p>\n<\/p><\/div>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DOGE, the largest cryptocurrency by market cap, has recently adopted a sideways trend above $0.091 support. The consolidation is gaining speculation of Dogecoin price bottoming as the broader market rebounds amid the 0.5% rate cut by U.S. Federal Reversal.\u00a0 Another reason fueling hope for a Dogecoin price reversal is the active support and endorsement from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":344611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-354211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=354211"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354211\/revisions"}],"predecessor-version":[{"id":354215,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/354211\/revisions\/354215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/344611"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=354211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=354211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=354211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}