X money is an important component of the X social media platform, which is owned and managed by Elon Musk. Musk's preference for Dogecoin has been publicly acknowledged, and the internet is filled with interviews and clips of Musk discussing Dogecoin, confirming his fondness for it. However, there is still rampant speculation on social media about whether Dogecoin will become an important part of the X platform. With the full launch of X money, can Dogecoin become an essential part of X's future?
Dogecoin X Musk: Current Dynamics
Dogecoin is primarily a leading cryptocurrency meme coin, waiting for its moment to shine again. For a long time, the token has been closely associated with Tesla CEO Elon Musk and is touted to gain immense prestige once Musk deploys it into the X ecosystem.
Musk has always envisioned X as an all-encompassing platform. In a May 2025 X post, the Tesla CEO announced that he would first test the beta version of the payment mechanism to ensure all of its systems could operate in sync.
Additionally, Musk plans to develop his social media platform into a 'universal app' by adding cryptocurrency payment features on X.
In addition, Dogecoin's trends have recently been basically stagnant. Dogecoin is currently priced at $0.20; although its performance is weak, it still attracts strong momentum and trading volume. Ali Martinez believes that Dogecoin is in the process of forming a descending wedge and is expected to break through $0.26.
If Musk uses it for all X payments, how high will the token's increase be?
The X ecosystem is vast. The use of Dogecoin in daily payments, marketing, subscriptions, and more can easily help its price soar above $1.
Furthermore, if a Dogecoin ETF emerges, the asset's price could easily reach $2 or even higher.
