Dogecoin (DOGE) Rallies 8% Following Elon Musk’s X Money April Launch Confirmation

TLDR DOGE rallied more than 8% following Elon Musk’s X Money April launch confirmation The payment platform focuses exclusively on fiat currency — cryptocurrency features remain unconfirmed Dogecoin peaked at $0.0993 before stabilizing between $0.093–$0.099 Open interest in DOGE futures increased by over 2% to $1.21 billion within a 4-hour window This rally continues the historical trend of Dogecoin responding to Musk’s X-related updates On March 10, Elon Musk revealed that X Money, the payment functionality for his X social platform, would begin early public rollout in April 2026. The disclosure triggered an 8%+ rally in Dogecoin despite the absence of any cryptocurrency-related features in the announcement. 𝕏 Money early public access will launch next month — Elon Musk (@elonmusk) March 10, 2026 The X Money platform is being developed as a traditional fiat payment solution. Key features include person-to-person transfers, direct bank connectivity, a debit card offering, rewards through cashback, and an attractive 6% annual percentage yield on deposited funds. X has secured partnerships with Visa and obtained money transmission licenses across more than 40 U.S. states via its X Payments subsidiary. Among the initial beta testers — dubbed the “42ers” — was William Shatner, the legendary Star Trek actor, who publicly shared insights about the platform. His posts included screenshots demonstrating instantaneous peer-to-peer transactions, debit card cashback functionality, and interest-bearing savings options. Shatner mentioned he’s eagerly awaiting the ability to use X Money for routine transactions such as ordering pizza or buying groceries. Still waiting for the @XMoney firsts: there’s pizza, burgers, tacos, haircuts, groceries…Be clever and be the first 42ers! — William Shatner (@WilliamShatner) March 10, 2026 With X Money, the platform positions itself as a formidable rival to established payment services including PayPal, Venmo, and Cash App. The advertised 6%...