Dogecoin surged by double digits to over $0.11, ranking among the top performers as most cryptocurrencies posted gains in the past 36 hours. Perhaps the most evident reason behind this rally is Elon Musk again, though he has not issued a DOGE-specific statement this time. In a recent video, the owner of X said the social media platform will allow users to trade stocks and digital assets directly from their timelines, interacting with ticker symbols and completing trades within the app. Nikita Bier, the firm’s head of product, explained that the goal is to turn X into an ‘everything app’ that lets users invest, send money, post, and message others.
Given Musk’s history with Dogecoin, the asset has risen since the announcement, from about $0.095 to a two-week high above $0.115. It’s worth noting that the billionaire has been relatively quiet on the Dogecoin endorsements front over the past year after controversial claims that led to lawsuits. Other meme coins have surged as well, with PEPE up 30% daily and PIPPIN climbing into the top 100 alts after another 16% surge, totaling around 270% in the past week.
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