Dogecoin (DOGE) has experienced a significant price surge, jumping over 11% to surpass $0.115, following a major announcement from Elon Musk regarding his social media platform, X. The billionaire revealed plans to integrate direct stock and cryptocurrency trading features directly into the X user timeline, allowing users to interact with ticker symbols in posts and complete trades within the app itself.
The beta platform for this new trading functionality is expected to launch within the next month or two via X Money, the company's in-house payments system. Nikita Bier, X's Head of Product, explained that the goal is to transform the social media platform into an "everything app" that enables users to invest, send money, post, and message others seamlessly.
This announcement has reignited optimism around Dogecoin, given Elon Musk's well-documented history of endorsing the meme coin. DOGE's price climbed from around $0.095 to a two-week peak above $0.1155 in the days following the news, marking a 19.32% increase over 24 hours and a 19.15% gain on the weekly chart.
The positive sentiment spilled over into the broader meme coin sector. PEPE recorded a dramatic 30% daily surge, while PIPPIN solidified its position among the top 100 altcoins with a 16% gain, contributing to an astonishing 270% rally over the past week. Analysts view Musk's move as a pivotal moment that could substantially enhance mainstream cryptocurrency adoption by providing seamless accessibility to millions of X users.
