X Money Is Significant for Dogecoin (DOGE)

The new service dubbed “X Money” will enable creators on the social platform to receive payments without having to rely on third-party applications.

X has unveiled a new digital payments feature in partnership with Visa Inc, reported the New York Times on Tuesday.

The service, dubbed “X Money,” will allow creators on the social platform to receive payments without relying on third-party applications.

Moreover, it will enable users to add funds to their digital wallets and carry out instant peer-to-peer payments using mobile apps like Venmo.

X has collaborated with Visa to establish a versatile and user-friendly ecosystem for managing all types of transactions within the platform.

If Dogecoin manages to find a place within that ecosystem, it could help the meme coin rally hard from current levels and hit the much-anticipated $1 price point by the end of 2025.

Musk’s support could send DOGE to $1.0 in 2025

Markets could interpret a potential integration of Dogecoin into X Money as Musk’s seal of confidence, adding to the legitimacy of the meme coin and its broader appeal for the investment community.

It may drive a significantly bigger audience to DOGE and help set it up as a legitimate means of payment. Eventually, this mainstream adoption could translate to a higher price for this meme coin.

In fact, a crypto enthusiast who goes by “Trader Tardigrade” on X currently sees a path for Dogecoin to be worth as much as $4. His price objective is based on the Fibonacci 1.618 Extension level.

The meme coin has a history of consolidating (as it is currently) before a significant breakout – one that could see it rally more than 1,000% this year, according to Trader Tardigrade.

Dogecoin bulls likely to kick in soon

Dogecoin also looks worth buying at writing because the MACD is showing signs of a bullish crossover that often indicates upward momentum ahead.

It’s also reasonable to expect a sharp rebound in DOGE in the near-term considering it’s currently trading only a hint above a key support at the $0.3144 level.

Moreover, the Relative Strength Index (RSI) is approaching the oversold territory, further substantiating that bulls will likely kick in very soon.

Put together with the Fed’s rate announcement on January 29th, the stage looks set for an explosive rally in Dogecoin to $1.0 in the coming months.

Even if the US central bank stays put and leaves rates unchanged this week, it will most certainly signal more rate cuts planned for later this year – and that’s perhaps what the crypto investors will focus more on.

Is Dogecoin poised for an explosive rally in 2025?

In summary, Dogecoin may be an exciting investment proposition for 2025, especially after X signed an agreement with Visa Inc, the largest US credit card network, to debut in financial services.

The idea that DOGE could end up becoming a part of X Money is exciting – and will likely trigger an unparalleled price rally in this meme coin on the back of mainstream adoption if it becomes a reality.

Technical indicators as well as crypto experts paint a rosy picture of what the future holds for Dogecoin as well. In fact, breaking Dogecoin news today suggests Bitwise has filed for a DOGEcoin ETF.

Bitwise files for a Dogecoin ETF, Source: X

Finally, Trump’s promise of a crypto-friendly government could serve as a meaningful tailwind that contributes to the meme coin’s potential rally to the closely-watched $1.0 valuation. Doge to a dollar!