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Cryptocurrency News Articles

Dogecoin Creator Billy Markus Backs Community Proposal to Enable DOGE Payments for X Merchandise

Nov 04, 2024 at 11:14 am

With price charts signaling a potential 27% rally, DOGE enthusiasts are keeping a close eye on the possibility of a breakout.

Dogecoin creator supports community idea for enabling DOGE payments for X merchandise, sparking enthusiasm among fans. As price charts hint at a potential 27% rally, DOGE fans are eagerly watching for a breakout.

Dogecoin Community Eyes Expanding Payment Options

The Dogecoin community’s aspirations to increase DOGE awareness and use cases continue to flourish. A key moment was Elon Musk’s decision to integrate his favorite meme coin as a payment method at Tesla and SpaceX.

Now, a proposal within the Dogecoin community aims to integrate DOGE payments for X merchandise – if and when Elon Musk’s social media platform begins selling such merchandise. The idea was brought up by a DOGE fan on X @dogeofficialceo.

DOGE Creator Backs X Payment Proposal

Billy Markus, who together with Jackson Palmer created DOGE in 2013, is better known online as Shibetoshi Nakamoto and he also voted in favor of this fun idea.

One analysis that might soon be realized is a Dogecoin price prediction from Ali Martinez, a cryptocurrency analyst and trader on X.

Commenting on a DOGE/USDT chart in a tweet, Martinez noted that Dogecoin now needs to break out of the descending pattern by clearing the $0.169 resistance. If that happens, the top meme cryptocurrency will begin a 27% surge and hit the $0.209 level, he said.

Analyst Sees Potential 27% Rally for DOGE Coming

Tech entrepreneur Elon Musk shared a selfie from his recent U.S. tour on Oct. 28, where he appears to be making a victorious gesture by raising his fists and flexing his biceps.

This image was used to create a DOGE meme, which features a dog whose body is that of a weightlifter. Before he bought the platform and renamed it X, Musk was a heavy Twitter user who often posted DOGE memes, showing his support for Dogecoin and his passion for memes.

Given Musk’s continuous soft spot for Dogecoin, the DOGE community was naturally excited.

DOGE Community Awaits Next Steps for D.O.G.E. Initiative

The latest initiative where Musk is set to take a leadership role is something Musk calls D.O.G.E., which stands for Department Of Government Efficiency. However, the launch of this organization has not yet been finalized. After November 5, everything will be revealed.

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Other articles published on Feb 08, 2025