Key Highlights

  • Dogecoin climbed more than 8% following Elon Musk’s X Money April launch confirmation
  • X Money operates as a fiat payment system with no official crypto features announced
  • DOGE reached $0.0993 before stabilizing between $0.093 and $0.099
  • DOGE futures open interest increased more than 2% to $1.21 billion within a 4-hour window
  • The rally demonstrates DOGE’s consistent response pattern to Musk’s X-related announcements

On March 10, Elon Musk revealed that X Money, the payment functionality for his social platform X, would begin early public access in April 2026. Dogecoin responded with a surge exceeding 8% in the following hours, despite X Money’s lack of cryptocurrency-related announcements.

X Money functions as a traditional fiat payment solution. The platform will feature peer-to-peer transactions, bank account connectivity, debit card services, cashback incentives, and 6% annual yield on deposited funds. X has formed a partnership with Visa and secured money transmitter licensing across more than 40 U.S. states via its X Payments subsidiary.

Star Trek actor William Shatner joined the initial beta testing group known as “42ers” and shared early platform details. His posts revealed screenshots displaying instant person-to-person transfers, debit card rewards, and interest-bearing savings capabilities. Shatner mentioned he anticipated using X Money for routine transactions including pizza and grocery purchases.

The X Money platform positions itself as a challenger to established services like PayPal, Venmo, and Cash App. The 6% yield offered on account balances surpasses nearly all traditional U.S. savings accounts and matches money market fund returns.

Dogecoin Price Movement

Dogecoin advanced from a 24-hour bottom of $0.0903 to reach $0.0993. Trading activity expanded 36% across a 24-hour period, signaling heightened trader engagement.

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Dogecoin (DOGE) Price

DOGE futures open interest tracked by CoinGlass increased more than 2% to $1.21 billion within four hours. Platform-specific data showed open interest climbing nearly 2% on Binance, 6% on OKX, and 11% on Bybit.

This price movement aligns with an established trend. Whenever Musk references payment capabilities on X, DOGE typically rallies on expectations of potential cryptocurrency adoption. This behavior has occurred repeatedly since 2021.

Musk has publicly identified Dogecoin as his “favorite cryptocurrency.” Tesla allowed DOGE payments for select merchandise during 2022. X’s product lead Nikita Bier specified in February that any cryptocurrency features on X would simply offer data and external exchange links rather than direct trading execution.

Cryptocurrency Integration Prospects for X Money

Musk recently shared a third-party projection identifying “crypto integration” as a potential X Money feature, though official company confirmation remains absent.

The Dogecoin community maintains expectations for eventual DOGE integration, despite the absence of any confirmed timeline or official statement from X.

At press time, DOGE was valued near $0.099, positioning it as the top performer among major cryptocurrencies across both 24-hour and weekly timeframes.