Dogecoin Spikes 12% on Rumors of Potential Twitter Payments Integration
• Dogecoin spiked nearly 12% on Saturday amid speculation over potential Twitter payments integration after a new @xpayments account emerged.
• Traders anticipate Dogecoin being used for ads and services on Twitter if Elon Musk integrates payments, though nothing is confirmed yet.
• The spike gave Dogecoin its highest daily gain since April, hitting 16% at its peak Saturday before cooling to just under 12% for the day.
• Dogecoin dropped over the weekend but remains up 7% week-over-week. However, it still falls short of the $0.10 mark it reached last year.
• Elon Musk's tweets have shaken up crypto prices before, and traders hope his plans for a Twitter "super app" will integrate Dogecoin.