Dogecoin Price Spikes on Speculation of Acceptance by Elon Musk's New Platform
• Dogecoin value surged to $0.09 amid speculation around X Payments by Elon Musk's new social media platform • X Payments launched account with gold verification, fueling talk of adopting Dogecoin as a payment option • Musk has frequently voiced support for Dogecoin, causing price spikes when he tweets about it • Dogecoin was created in 2013 to satirize Bitcoin and other cryptocurrencies • Unlike Bitcoin's limited supply, Dogecoin has an unlimited cap and inflates at a rate of 10,000 new coins per minute