As the Dogecoin (DOGE) price pumps to fresh highs for the year above $0.20 per token, profit-taking members of the Dogecoin community are targeting a new green AI ICO in the search for 100x gains in 2024.
Dogecoin pumped more than 15% on Thursday, rising above $0.22 for the first time since December 2021.
Speculation that Elon Musk-owned social media platform X will integrate the meme coin into its future payments system was cited.
In a cryptic tweet, Dogecoin influencer Mishaboar tweeted an update about X securing new payment licenses in the USA.
Dear #Dogecoin, with X's new payment branch being awarded more licenses in the U.S., many are speculating about the implementation of crypto payments in the platform.
Last year, Elon mentioned that the first phase of X Payments would not include crypto – I am not sure if this…
— Mishaboar (@mishaboar) March 27, 2024
Elon Musk is a long-time supporter and promoter of Dogecoin.
In the wake of its latest rally, the meme coin’s market cap has surged to around $32 billion.
Many believe that integrating Dogecoin into X’s future payment platform will substantially bolster Dogecoin’s demand and adoption.
With Dogecoin breaking out to new highs ahead of the end of the quarter, bullish bets are rising.
One Dogecoin trader tweeted on X that DOGE could hit $1 as soon as next quarter.
The trader cited a technical analysis of DOGE’s long-term price action history.
Zooming out… quarterly candle closes this week.
What an incredible development in the Doge price ahead of X Payments!
Next quarter should be the $1 beast IMO.
Keep stacking, don't get fucked over leveraging please. #dogecoin pic.twitter.com/pGblLO6bwo
— The Coach
Read more on cryptonews.com