Dogecoin Jumps 11% as X Readies to Integrate Stock and Crypto Trading

Dogecoin ($DOGE) has witnessed a sharp rise amid the significantly positive announcement by Elon Musk for his social media platform X. Specifically, $DOGE has surged by 11% while Elon Musk has announced the plan to offer crypto and stock trading on X. As per Crypto Rover’s recent X post, Musk asserted that X will directly integrate the trading services for cryptocurrencies and stocks. This development is set to take place over a couple of weeks from now.

Elon Musk’s Confirmation of Crypto and Stock Trading Services on X Triggers 11% Rise in $DOGE’s Price

Elon Musk’s announcement for stock and crypto trading integration on X has raised $DOGE’s price by 11%. This development has filled the traders with optimism about the trajectory of the leading meme coin. At the same time, this initiative is set to substantially enhance mainstream crypto adoption across the globe with seamless accessibility.

Additionally, the 11% spike in $DOGE’s price reinforces its bullish momentum as the investors are again happy about the further price action. Particularly, the declaration to offer trading integration via X comes after the platform’s Head of Product, Nikita Bier, hinted as soon launching these services. Similar to the analogous reaction to Elon Musk’s previous statement, this could extend $DOGE’s gains.

Top Meme Coin Hists $0.1155 Amid Growing Optimism

At the moment, $DOGE is changing hands at $0.1155. This price level signifies a 19.32% spike over the past 24 hours. Additionally, the weekly price movement of $DOGE signify 19.15% increase. However, the monthly performance still shows a 16.64% dip.

Keeping this in view, Crypto Rover deems this development as a pivotal moment for $DOGE. The increasing buying pressure is a healthy sign for a likely leg up in the near term. Even then, the actual outcomes of this move are still to be seen, while market onlookers are eager to know about the potential market direction.