DOGE and other meme coins are among the most impressive winners over the weekend.
Perhaps the most obvious reason behind this rally could be Elon Musk once again. This time, however, he did not make a specific DOGE-focused statement as in the past, but rather a broader promise for the entire crypto industry.
In a recent video, the owner of X said The social media platform allows users to trade stocks and digital assets directly from their timeline. They can interact with ticker symbols in messages and complete transactions within the app.
The beta platform is expected to launch within a month or two from X Money, the company’s internal payment system. Nikita Bier, the company’s head of product, explained that the goal is to turn the social media giant into a “do-it-all app” that allows users to invest, send money, post and message others.
Given Musk’s history with Dogecoin, it’s no wonder the OG meme coin has been on a tear since the announcement went live. The price has risen continuously in recent days, from $0.095 to a peak of over $0.115 in two weeks.
However, it’s worth noting that the billionaire has been pretty quiet on the Dogecoin endorsement front over the past year, following some controversial claims that led to lawsuits against him.
Other meme coins have also benefited from the market’s recent resurgence. PEPE has skyrocketed 30% daily, while PIPPIN has solidified its spot among the top 100 alts after another 16% rise. Moreover, the asset is up 270% in the past week.
You might also like:
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
#Elon #Musk #Dogecoins #Latest #DoubleDigit #Rise