Dogecoin Creator Backs Community Proposal to Enable DOGE Payments for X Merchandise, Signaling a Potential 27% Rally

The creator of Dogecoin has thrown support behind the community's idea to enable DOGE payments for X merchandise, fueling excitement among fans.

Dogecoin creator Billy Markus has joined the Dogecoin community in showing support for a proposal to enable DOGE payments for X merchandise. This proposal aligns with the community's broader goal to expand DOGE's presence and utility.

Earlier, Elon Musk announced that Tesla and SpaceX will begin accepting Dogecoin for their products, a move that sparked excitement among DOGE fans.

Now, a proposal has emerged within the Dogecoin community to integrate DOGE as a payment option for X merchandise, should the social media giant decide to sell such items. The proposal was initially put forth by a DOGE fan on X (@dogeofficialceo).

Markus, who co-created DOGE with Jackson Palmer in 2013 and is known online as Shibetoshi Nakamoto, also voted in favor of this lighthearted concept.

Meanwhile, Ali Martinez, a cryptocurrency analyst and trader who goes by the handle X account, has shared a DOGE/USDT price analysis suggesting a potential 27% rally.

In a tweet, Martinez showcases a chart of Dogecoin, highlighting the $0.169 resistance level that DOGE must now break through to exit its downtrend. If successful, he anticipates a 27% surge, pushing the meme coin to the $0.209 mark.

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

This image was later combined with a DOGE meme featuring a dog with the body of a weightlifter. Musk, who frequently posted DOGE memes before he acquired the platform and renamed it X, is known for his support of Dogecoin and his love of memes.

Given Musk's soft spot for Dogecoin, this development has naturally brought joy to the DOGE community.

The Department of Government Efficiency (D.O.G.E.) is the latest venture in which Musk has been assigned a leadership role. However, the launch of this organization is still pending and will be announced after November 5th.