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Dogecoin Creator Supports Idea of Paying for X Merch With DOGE

source-logo  u.today 02 November 2024 21:40, UTC
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The idea of the Dogecoin community to promote $DOGE and expand the range of its utility cases continues to thrive. The main trigger for it was Elon Musk integrating his favorite meme cryptocurrency as a payment option with Tesla and SpaceX.

Dogecoin creator says "yes" to paying for X merch with $DOGE

Now, the Dogecoin community has supported an idea of using $DOGE as payment for X merch if such merch is ever sold by the social media giant that belongs to Elon Musk. The idea was suggested by a $DOGE enthusiast on X @dogeofficialceo.

Billy Markus, known on social media as Shibetoshi Nakamoto, who created $DOGE in collaboration with Jackson Palmer in 2013, has also cast his vote in support of this playful idea.

ya

— Shibetoshi Nakamoto (@BillyM2k) November 1, 2024

Dogecoin could see 27% rally, analyst predicts

Cryptocurrency trader and analyst Ali Martinez has taken to his X account to share a Dogecoin price prediction that can turn real in the near future.

If #Dogecoin $DOGE breaks above the $0.169 resistance, we could see a 27% rally up to $0.209! pic.twitter.com/seVi6gdoH5

— Ali (@ali_charts) November 2, 2024

Commenting on a $DOGE/USDT chart, on which $DOGE is about to break out from the declining pattern, Martinez tweeted that Dogecoin now needs to break above the $0.169 resistance level. If that happens, he said, then the largest meme cryptocurrency could start on a 27% rally and reach the $0.209 level.

Elon Musk triggers crypto army with $DOGE post

On Oct. 28, tech billionaire Elon Musk published a photo of himself taken during one of his recent public speeches in his U.S. tour, where he raises his hands, toughening his biceps in a victorious gesture.

This photo was combined with a $DOGE meme where the dog with a human weight-lifter’s body raises hands in the same gesture. Musk is a well-known Dogecoin supporter and lover of memes, who used to frequently post $DOGE memes in the past on his Twitter account long before he bought this platform and rebranded it as X.

The $DOGE community reacted with a high degree of enthusiasm, seeing that Musk still loves and supports Dogecoin. Musk even prefers to call the recent project where Musk was offered a leading position — D.O.G.E. — that is short for the Department of Government Efficiency. However, the launch of this organization is not certain yet. Things are to be clarified after Nov. 5.

u.today