Dogecoin Price Rises Amid X Payments Speculation as New Meme Coin MK Also Sees Gains

Dogecoin (DOGE) saw a sharp price increase over the weekend as rumors circulated that X (formerly Twitter) may allow the popular meme coin as a payment option.

The unconfirmed reports have DOGE holders excited at the possibility of broader adoption and mainstream use of the coin.

With new meme coins like Meme Kombat (MK) also gaining steam in its presale, the market appetite for these high-risk, high-reward assets is increasing in early 2024.

Is X Integration on the Cards for Dogecoin in 2024?

Elon Musk’s X platform made headlines by creating a dedicated account for its upcoming payments feature, which is expected to launch by mid-2024.

X’s new @XPayments account is verified and sports the platform’s trademark logo, already boasting over 106,000 followers.

While no official announcement has been made about whether cryptocurrencies will be supported, many speculate that DOGE could be among the first tokens added.

Musk has already integrated DOGE for payments on the Tesla store, and the crypto community has latched onto subtle hints over the past year that he may also utilize the coin for X payments.

With Musk’s history of advocating for DOGE and X’s potential to reach a massive audience, many believe the coin could be in for a significant price surge if it becomes an official payment option.

Dogecoin Price Surges Thanks to X Payment Rumors

Unsurprisingly, Dogecoin’s price has reacted positively to the rumors about potential X integration.

On Saturday, DOGE soared 15% in a matter of hours, hitting a high of $0.09.

This took DOGE to its highest value since the first week of January.

Trading volumes also saw a massive uptick as retail investors began to purchase DOGE, hoping to obtain further gains if an official integration announcement was made.

Unfortunately, this price pump looks to have been temporary, with Dogecoin’s price dropping 7% from Saturday’s peak.

DOGE appears to have rejected the $0.09 level as resistance – a level previously used as support in late December.

As of Monday morning, Dogecoin is trading around $0.083, with the next major support zone located at $0.076.

Ultimately, whether the rumored integration will come to fruition remains to be seen, meaning further Dogecoin volatility is likely in the interim.

New MK Token Raises $7.3 Million in Presale as Highly-Anticipated Uniswap Listing Draws Near

Dogecoin’s price may have cooled off, yet the enthusiasm around meme coins shows no signs of going away.

As evidence, a brand new meme coin called Meme Kombat (MK) has been gaining attention for its unique approach to merging memes with crypto gaming features.

Meme Kombat’s main feature centers around a battle arena where popular internet characters like Doge and Pepe the Frog can clash in AI-powered fights.

Users can wager the platform’s native MK token on match outcomes for a chance to win additional prizes – adding a gambling twist.

The project also promises lucrative staking rewards of 129% per year for MK holders and even plans to launch an NFT collection down the line.

Meme Kombat’s presale is currently live, having attracted an impressive $7.3 million in funding so far.

Right now, investors can purchase MK tokens for $0.279 during the final stage of the presale.

Once this presale ends, Meme Kombat’s team plans to list MK on Uniswap, where supply and demand forces will influence the token’s price.

Given the enormous backing on X, along with Meme Kombat’s huge Telegram community, the buzz around this listing is growing by the day.

With high staking yields, a built-in P2E experience, and hilarious meme branding, Meme Kombat could be another meme coin set for a fruitful 2024.

Visit Meme Kombat Presale

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