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#馬斯克 ’s X platform “X Money” is going online! Will Dogecoin really become the first choice for payment?
Every move made by Musk is like a bombshell. The launch of "X Money" this time directly caused the market to explode, especially
#狗狗幣 (
#DOGE ), which has become a popular payment candidate currency. Is it really the horse currency? Is Skiff's darling going to dominate the market again?
💡 Several highlights of X Money currently
1️⃣ Integrated payment functions: X Money will break traditional payment methods, allowing users to seamlessly complete payments, transfers, transactions, and even small rewards within the X platform.
2️⃣ The potential of Dogecoin: The market speculates that DOGE may become the main payment currency. After all, Musk has supported Dogecoin in public many times. Now it is even possible to achieve the transformation from "joke to practicality".
3️⃣ Web3 and blockchain technology: Not only cryptocurrency, X Money may also open more blockchain-related functions, such as NFT purchases, on-chain transactions, etc., which may become hot spots in the future.
🚀What impact will it have on the market?
1. Price fluctuations of Dogecoin: If the news is true, market sentiment for DOGE will be further ignited, which may trigger short-term surges, but will also be accompanied by high-risk fluctuations.
2. Popularization of crypto payments: If X Money is successful, it may lead other social platforms to follow suit, allowing cryptocurrency payments to truly enter the mainstream.
3. Escalating competition: Other payment currencies such as BTC, ETH and even new Layer 2 solutions may join the competition, and the market structure may change as a result.
👉 My opinion:
• If DOGE really becomes a payment currency, it will be a "phenomenal" market event and may bring about a big market trend in the short term.
• But from a technical perspective, it remains to be verified whether the processing speed and cost of Dogecoin can cope with large-scale applications.
• Investors can pay attention to the specific details of X Money and the price fluctuations of related currencies to choose the appropriate entry point.
$DOGE