According to the last minute development, Elon Musk, the owner of the new X, wrote that “something special is coming soon” in his post.
Cryptocurrency market users seem to have associated this Tweet with Dogecoin. It has long been the subject of speculation that Dogecoin will be used as a payment method on Twitter.
It is not known exactly what Musk's tweet was pointing to, but it had a positive effect on the DOGE price.
*Not investment advice.