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DOGE
0.09138
-3.55%
Dogecoin's Price Rebound Amid Anticipation of X Money Integration
Discussions surrounding Dogecoin (DOGE) have intensified due to expectations of its integration into X Money, a new payment feature by Elon Musk's social platform X. According to NS3.AI, DOGE's price has experienced a short-term rebound, rising from $0.09 to over $0.11. Analysts are now targeting a move towards the 200-day moving average, estimated to be around $0.16–$0.17. Despite this price movement, institutional demand remains weak, as indicated by stagnant DOGE Spot ETF inflows. Additionally, the token's unlimited supply continues to challenge its long-term value retention.