Elon Musk Denies “X Coin” Speculation, Crypto Community Discusses Fate of Dogecoin
Elon Musk’s recent denial of the speculated “X coin” has ignited discussions within the cryptocurrency community, particularly concerning the fate of Dogecoin (DOGE). This comes after Musk took to the platform, issuing a clear and direct “No” in response to speculations about the platform having an internal token.
Main Breakdowns:
- Rumors about an “X coin” came about before Twitter’s rebranding to X when code snippets discovered by dedicated enthusiasts indicated the creation of a unique digital currency.
- Due to the platform’s evolution and change in ownership, these intentions were halted.
- Musk’s denial has drawn considerable attention from cryptocurrency enthusiasts, including supporters of DOGE.
- There has been speculation about integrating DOGE as a native currency since Musk assumed control of X.
- Musk’s reply raises the issue of whether his denial includes a broader refusal of token transactions for X or whether DOGE is still being considered for that purpose.
Hot Take: Elon Musk’s denial of the “X coin” has created uncertainty regarding the future of Dogecoin. The crypto community is eagerly awaiting further clarification from Musk to determine whether DOGE will still be integrated as a native currency on the platform. This development has sparked renewed speculation and discussions among cryptocurrency enthusiasts.
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