Dogecoin Price Spikes on Speculation of Potential Use for Payments on X Platform

• Dogecoin (DOGE) price surged to highest since Dec 2021 on Thursday amid speculation about use on X platform • Trading volumes rose to $7B from $3B earlier in week; futures open interest hit $2B • Speculation driven by posts from Dogecoin community members about potential DOGE implementation on X • X has no official plans for DOGE payments, but previously said it would launch payments service this year • Tesla already accepts DOGE for merchandise; Elon Musk's support drives speculation around usage at his companies