The Dogecoin (DOGE) cryptocurrency, inspired by memes, witnessed a surge in value in the past week, reaching its highest point within seven days. This coincided with the debut of the new “XPayments” account on X, formerly known as Twitter.
The recently established account rapidly garnered over 100,000 followers, sparking enthusiasm within the cryptocurrency community.
On January 21, DOGE saw an approximately 12.8% increase in value, peaking at $0.08982 for the week.
Despite the absence of any posts from the XPayments account, it has fueled speculation among traders regarding potential payment functionalities.
Traders are particularly interested in the link to X’s owner, Elon Musk, who has occasionally mentioned DOGE. This has prompted speculation that the cryptocurrency might play a role in the platform’s upcoming offerings.