Dogecoin Rockets as Elon Musk Confirms X Money Early Public Access Launch in April

Varinder Singh
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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Dogecoin Rockets as Elon Musk Confirms X Money Early Public Access Launch in April

Highlights

  • Elon Musk confirms early public access to X Money starting in April, Dogecoin community reacts.
  • William Shatner revealed additional details and features on X Money payments app.
  • DOGE pumps more than 8% today.

Dogecoin surges more than 8% today as Elon Musk announces early public access of X Money payments service in April. The Dogecoin community reacts and analysts recommend going long on DOGE due to potential integration with X Money.

Elon Musk’s Timeline for X Money Beta

Elon Musk, in an X post on March 10, confirmed that early public access to X Money will launch next month. This indicates major progress in Musk’s vision of turning the platform into an “everything app.”

X platform launched X Money beta access through Star Trek actor William Shatner. The “42ers” were the initial group of users testing the X Money payments service. Shatner shared screenshots of services such as instant P2P money transfers, cashback on debit card purchases, and yield savings on cash balances.

The X Money payment service developments mark Elon Musk’s long-term vision to enter the fintech sector after securing money transmitter licenses across the United States. X Money will compete directly with PayPal, Venmo, and Cash App in the peer-to-peer payment space.

The Dogecoin community and William Shatner also reacted to Elon Musk’s early public access to X Money. Shatner said he is still waiting for the X Money first transactions such as pizza, groceries, and haircuts. While crypto integration is not available in an early launch, the Dogecoin community anticipates DOGE integration soon.

Dogecoin Surges More Than 8%

DOGE price jumped by more than 8% amid buzz around the X Money public access launch. The Dogecoin community highlighted Elon Musk’s long-standing support for Dogecoin, fueling expectations that DOGE could get integrated into X Money.

Dogecoin in 1-hour timeframe
Dogecoin in 1-Hour Timeframe

Dogecoin is trading 8% higher at $0.099, with a 24-hour low and high of $0.0903 and $0.0993, respectively. Furthermore, trading volume has increased by 36% in the last 24 hours, indicating a rise in interest among traders. Trump’s comments on Iran talks possible despite Iran ruling out negotiations also helped boost upside momentum.

CoinGlass data showed massive buying in the derivatives market in the last few hours. At the time of writing, the total DOGE futures open interest jumped more than 2% to $1.21 billion in the last 4 hours. DOGE futures OI on Binance, OKX, and Bybit climbed almost 2%, 6% and 11%, respectively.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.