X Payments

Dogecoin

Epic

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">In a surprising twist, Dogecoin (DOGE) has emerged as an unexpected hero, defying the prevailing downtrend. Per the latest&nbsp;<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap, Dogecoin is trading at $0.08101, showcasing a remarkable increase of 1.68% in the past 24 hours.&nbsp;</p>
<p dir="ltr">The trading volume has surged to $416.5 million, marking a notable 68.9% uptick during the same period. Notably, while other top cryptocurrencies are in the red, Dogecoin stands tall in the green zone.</p> <img data-entity-type="file" data-entity-uuid="3d68b580-a2de-4fc9-bbfb-d3b60c408b8c" src="https://u.today/sites/default/files/inline-images/DOGE.jpg"><a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">Top 10 price chart showing DOGE resilience. Source: CoinMarketCap</a>
<h2 id="dogecoin-s-resilience-amid-market-turbulence">Dogecoin's resilience amid market turbulence</h2>
<p dir="ltr">As the crypto market experiences a notable decline, Dogecoin's resilience has become a point of fascination for investors and enthusiasts alike. The driving force behind Dogecoin's bullish momentum can be attributed to X owner&nbsp;<a href="https://u.today/musk-is-still-a-dogecoin-holder" rel="noopener noreferrer nofollow">Elon Musk</a> and his ambitious project, X Payments. Musk, renowned for his interest in cryptocurrencies, especially DOGE and Bitcoin (BTC), has been a key player in shaping market sentiment.</p>
<p dir="ltr">X, formerly labeled as Twitter, recently made a move into the financial sector with the official launch of its X Payments account. Musk's commitment to this venture is highlighted by the acquisition of licenses for money operations in multiple U.S. states. In a recent interview, Musk revealed intriguing insights into the future of X,&nbsp;<a href="https://u.today/elon-musk-spills-beans-on-x-payments-is-dogecoin-in-mix" rel="noopener noreferrer nofollow">describing</a> it as the ultimate version of what PayPal should have been.</p>
<p dir="ltr">One of the key takeaways from the conversation was Musk's announcement that the much-anticipated X payments feature is set to make its debut later this year. This revelation has undoubtedly fueled positive sentiment around Dogecoin, as it positions itself as a crucial element in Musk's grand vision for the all-encompassing X platform.</p>
<p dir="ltr">The sentiment around this venture has not cooled down, attributed to the sustained DOGE push.</p>
<h2 id="binance-boosts-dogecoin-s-fortunes">Binance boosts Dogecoin's fortunes</h2>
<p dir="ltr">Another factor that may be contributing to Dogecoin's positive signal is its recent&nbsp;<a href="https://u.today/dogecoin-doge-joins-xrp-sol-usdc-futures-on-this-major-exchange-details" rel="noopener noreferrer nofollow">addition to Binance's USDC-margined futures</a>. Binance's move to integrate Dogecoin into its USDC-margined futures has added liquidity and further diversified trading options for Dogecoin enthusiasts.</p>
<p dir="ltr">Furthermore, Dogecoin has continued to receive support from its active community members. This sense of community and purpose has helped Dogecoin weather storms and remain popular among crypto enthusiasts.</p>

Dogecoin (DOGE) Defies Downtrend in Epic Plot Twist

Table of Contents

U_Today

Other articles published on Jan 29, 2024

Analysts Foresee a Bitcoin ETF Offering by Charles Schwab – Trillions to Enter the Market?

Somesing Web3 music $11.58 million hack, who’s behind it?

Immutable zkEVM Brings Web 3 Game Development To QuickNode Blockchain

Solana's Jupiter Overtakes Uniswap in Daily Trading Volume Surge

Crypto Loot Worth $623M Recovered in 2023: Report

Bitcoin Price Prediction: Hits $42,400 Amid ETF Ad Buzz & Election Pledges

Join our free newsletter for daily crypto updates!