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Dogecoin and Floki Price Surges- Cryptocurrency Frenzy Intensifies on Social Media Speculation
Dogecoin and Floki Price Surges experienced a remarkable 12% surge fueled by rumors surrounding potential payment integrations on the social app X, specifically linked to a profile named @xpayments.
The crypto community buzzed with excitement over the weekend, witnessing a notable 200% increase in the trading of these tokens, as reported by analysts. In tandem with this surge, futures trading spiked, with cumulative bets reaching a substantial $430 million.
The surge in DOGE prices is a familiar pattern, often observed when news circulates about payment developments within Elon Musk’s ventures, such as the social app X or Tesla. Additionally, Floki, named after Musk’s own dog, remains a favorite among specific traders.
Simon Schaber from Spool DAO noted that the speculation revolves around the possibility of DOGE being utilized for advertising purposes on Twitter, drawing parallels to the past when Tesla embraced DOGE for payments.
Dogecoin and Floki Price Surges- @xpayments Surges in Popularity Amidst Cryptocurrency Payment Speculations
Dogecoin and Floki Price Surges- The allure of cryptocurrency payment possibilities escalated as the @xpayments account swiftly amassed over 100,000 followers, driving anticipation within the crypto community. Notably, the social app X also hinted at an upcoming launch of peer-to-peer payments later this year, with potential inclusion of cryptocurrencies in the mix.
While there is no official confirmation regarding Dogecoin (DOGE) being designated for payments through X, Elon Musk has previously hinted at such prospects, including its potential use in the subscription service Twitter Blue.
Cryptocurrency Surge: Dogecoin and Floki Soar Amidst Growing Adoption Speculationhttps://t.co/xCzIf3FYAQ
— Crypto Feed News (@CryptoFeed_News) January 22, 2024
$DOGE $FLOKI $SHIB #Floki #ElonMusk #X #Crypto #bitcoin #Dogecoin #meme…
It’s worth mentioning that Tesla has already embraced DOGE for transactions within its online store, contributing to the growing speculation surrounding the widespread adoption of cryptocurrencies across various platforms.
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