Elon Musk’s recent influence on the cryptocurrency market has been undeniable, especially with his strong support for Dogecoin (DOGE). If Musk decides to add DOGE to X Payments, it could have a major impact on several cryptocurrencies. Here are three digital currencies that could potentially see a price increase if this happens:
Dogecoin (DOGE)
As the most likely beneficiary of Musk's decision, Dogecoin could experience a significant surge in value. DOGE has already gained popularity thanks to Musk’s tweets and support, and adding it to X Payments would give it even more utility, driving demand and further increasing its price.
Bitcoin (BTC)
Bitcoin, the leading cryptocurrency, could also see a boost if DOGE is integrated into X Payments. As the market tends to follow Bitcoin’s lead, increased interest in DOGE could lead to more positive sentiment for BTC, causing its value to rise as well. Bitcoin's established position as a store of value makes it a likely benefactor of any increased market activity sparked by Musk's move.
Ethereum (ETH)
Ethereum could also see price growth if DOGE is added to X Payments. Ethereum is the backbone of many decentralized finance (DeFi) applications, and its ecosystem could benefit from the increased attention and trading volume associated with Musk’s support of DOGE. As more people enter the crypto space through DOGE, they may also explore Ethereum’s broader use cases, further increasing its demand.
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