 ▲ Elon Musk, Dogecoin (DOGE), U.S. Dollar (USD) / ChatGPT-generated image © |
Elon Musk’s vision for an “all-in-one investment platform” has reignited momentum, sending Dogecoin (DOGE) soaring by double digits over the weekend.
According to crypto media outlet CryptoPotato on Feb. 15 (local time), Dogecoin continued its sharp upward trajectory over the past 36 hours, climbing above $0.11. While most major cryptocurrencies posted rebounds, Dogecoin stood out with one of the strongest gains among top-tier assets.
The rally is being attributed to Musk’s recent remarks. On the X platform, Musk announced that users will soon be able to trade stocks and digital assets directly from their post timelines. By interacting with ticker symbols embedded in posts, users will be able to complete trades within the app. The beta service, powered by X Money, is expected to launch within one to two months.
Product chief Nikita Bier explained that the goal is to transform X into an “everything app” encompassing investing, payments, posting, and messaging. Given Musk’s history of publicly supporting Dogecoin, the announcement appears to have fueled renewed optimism around the token. Dogecoin rose from around $0.095 to a two-week high above $0.115.
However, Musk has largely refrained from directly mentioning Dogecoin over the past year. After some of his past comments led to controversy and lawsuits, his public endorsements have significantly decreased. Nevertheless, broader plans to integrate cryptocurrencies into the platform appear to have provided a strong boost to the meme coin market overall.
Not only Dogecoin but the wider meme coin sector also surged. Pepe (PEPE) jumped 30% in a single day, while Pippin (PIPPIN) gained an additional 16%, securing a spot among the top 100 altcoins. Notably, Pippin has skyrocketed 270% over the past week, maintaining strong momentum.
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