Dogecoin shot up 18 per cent in the last 24 hours, continuing its rally ever since Donald Trump's election as the US President, boosted by fresh speculations that the memecoin may be accepted as a currency on X.
The latest rally was triggered by X owner Elon Musk posting a screenshot of podcaster Joe Rogan's X profile.
The post carried a dollar icon that's different from the app's tipping service. A user who noted the difference speculated that it might be for X Payments.
Musk responded: "True".
Dogecoin's price has increased by around 225 per cent in the past one month on the back of pre-election speculations and eventual securing of another fray at the Oval Office by Donald Trump, who has emerged as an ardent votary of Bitcoin.
Musk has had his kind of fun with Doge, and allows it as a mode of payment for Tesla merchandise.
Some crypto enthusiasts speculate that the payment service on X might include Doge.
Image Source: Unsplash
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