Eyes are on Dogecoin price as Elon Musk prepares to introduce a new payment system dubbed X Money on the X platform.
Previously, Dogecoin’s price has been largely affected by Elon Musk’s sentiments, and there is even an anticipated DOGE-1 mission, which is currently targeting a launch in the second half of 2026.
As a result, there is anticipation that the X Money could use Dogecoin (DOGE), giving the memecoin another real-world utility.
X Money rollout signals new payments push
Elon Musk is preparing to launch X Money, a native wallet and payments system integrated into the X platform.
The product currently runs in closed beta testing. Early access may begin next month, according to people familiar with the rollout.
Musk described the project to employees as “the place where all money is.” He also called it the “central source of all monetary transactions.”
The launch reflects a payments vision he discussed after acquiring the platform.
X Money functions as a custodial wallet connected directly to X accounts. Users will send peer-to-peer transfers and pay bills inside the application.
Internal documents shared among commentators also outline savings, lending, and investment tools.
Creators will receive subscription earnings and tips directly into their X balances. They will spend these funds inside the platform without linking a bank account.
The company has already built regulatory infrastructure for the service. X secured more than 40 US money transmitter licenses. It also registered with the Financial Crimes Enforcement Network.
In addition, the platform partnered with Visa Direct to move funds between banks and the in-app wallet.
These preparations position X Money as a payments system within a network of more than 600 million monthly users.
Crypto plans fuel Dogecoin speculation
While the initial X Money launch focuses on traditional fiat payment flows, Musk and the X team confirmed plans for broader asset support later.
Company statements and internal materials mention future support for Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), and Musk has previously said that if something involves money, it will appear on the platform.
Dogecoin remains central to market speculation since Elon Musk has supported the cryptocurrency for years through public comments and product integrations, and traders believe even limited integration inside X Money could influence demand patterns.
Market commentators now view the April testing phase as an important moment for Dogecoin sentiment.
DOGE price forecast as support holds
Dogecoin is currently trading at $0.09220, up 0.21%, with mild volatility as the market consolidates after recent swings.
The price briefly approached $0.10 intraday resistance before slipping toward the $0.091–$0.092 support zone, where buyers have started to stabilize the decline.
This level is now acting as a key short-term floor for the meme coin.
From a technical perspective, $0.10 remains the immediate resistance level. A sustained move above this zone could reopen momentum toward $0.11.
However, if selling pressure pushes DOGE below the $0.091 support level, the next downside support is near $0.088.