Dogecoin (DOGE) Price Prediction: Will X's Financial Push Help DOGE Reach $0.50?

This gain follows reports that Elon Musk is in discussions to raise funds for X at a valuation of $44 billion—the same price he paid for the platform

Elon Musk’s X Holdings is reportedly in talks with investors to raise funds at a valuation of $44 billion, according to Bloomberg. The news has sparked renewed interest in Dogecoin’s potential role in X’s evolving financial ecosystem.

Musk’s grand vision for X includes transforming it into an “everything app” with a digital payments component. X Payments LLC, the financial arm of X, has already obtained additional money transmitter licenses in three U.S. states.

With Musk’s past experience as PayPal’s CEO and his interest in integrating cryptocurrencies into X, Dogecoin enthusiasts are speculating on the meme-based crypto’s possible inclusion in the platform’s payment system.

However, Dogecoin’s price movements are heavily influenced by sentiment and speculation rather than fundamental developments.

On February 3, Dogecoin saw a sharp decline to $0.20 before rebounding 45% within the same day. Analysts are closely monitoring Dogecoin’s technical price levels as it attempts to break through resistanceを目指して for a potential rally toward $0.50.