Dogecoin (DOGE) surged more than 10% after Elon Musk announced that early public access to X Money will launch in April 2026, sparking renewed speculation about the memecoin’s potential role in the platform’s payment ecosystem.
Following the announcement, DOGE experienced a sharp spike in trading activity and price momentum. The memecoin’s 24-hour trading volume jumped more than 108% to $2.2 billion, while its market capitalization briefly climbed to $15.3 billion, according to data from CoinMarketCap.
However, the rally proved short-lived. By Wednesday, March 11, Dogecoin had retraced part of its gains and was trading around $0.09195, with its market capitalization settling near $14.1 billion at press time.
The surge in DOGE demand followed Musk’s confirmation that X Money will enter early public access next month, marking a major step in his plan to transform X into a fully integrated financial platform.
Although Musk did not explicitly mention Dogecoin in the announcement, traders quickly linked the development to the memecoin due to his long-standing support for the cryptocurrency.
Why is Dogecoin price bullish on X Money launch?
Over the years, Musk has repeatedly endorsed Dogecoin and previously hinted at the possibility of using it for payments across his business ecosystem, including Tesla and SpaceX.
Musk has also stated that the main goal of purchasing X for over $40 billion was to turn it into an everything app similar to WeChat in China. Already, X has obtained money transmitter licenses from more than 40 states in the U.S. to seamlessly launch X Money.
With the platform boasting more than 586 million Monthly Active Users (MAU), as of February based on a report from Resourcera, the potential integration of X Money with Dogecoin could have an intense impact on the memecoin’s global adoption.
DOGE price prediction 2026
Dogecoin’s exponential demand catalyzed by potential integration with X Money could fuel the memecoin’s next bull wave.
Finally, DOGE price has been forming a similar fractal pattern to its 2024 bottom consolidation before its massive surge, according to trading expert TATrader_Alan. However, crypto traders should remain vigilant of a potential sell-the-news impact on DOGE next month.
