- X Payments secured more licenses, fueling speculation that DOGE’s rally could be near.
- Unlike XRP, DOGE could break out and extend toward $0.20 in the short term.
- Increased profit-taking could send DOGE back to $0.13 while XPR might trade sideways.
Dogecoin (DOGE) could be on the verge of another rally after billionaire Elon Musk secured three more licenses for X Payments. For those unfamiliar, X Payments is the peer-to-peer payment department of X Corporation headed by Musk.
According to a report from Yahoo Finance, the addition meant 22 states in the U.S. have approved. Musk has never hidden his love for Dogecoin. As such, when he launched the X Payments handle a few months ago, many opined that the meme coin would be part of the payment option.
Although Musk had not yet confirmed the integration, he once said he would love to add DOGE to a social media platform.
A Change of Positions May Be Close
If things go as planned, Dogecoin’s market cap might rise higher than its current position. One project the cryptocurrency might flip is Ripple (XRP). At press time, DOGE was number eight …
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