How Has X Money Helped DOGE Regain Momentum in February?

By mid-February, discussions about Dogecoin (DOGE) had become noticeably more active. DOGE holders expect the meme coin to stage a strong recovery after losing more than 75% of its value since last year.

Several catalysts have fueled this renewed optimism. The key question remains whether these factors are strong enough to drive a sustained price rebound.

Sponsored

Elon Musk’s Influence Over DOGE Is Making a Comeback

Data from LunarCrush, a social intelligence platform for crypto investors, show that mentions of Dogecoin increased by 33.19% over the past month compared with the previous month.

This unusually strong rise indicates that community interest in the meme coin has returned in force.

LunarCrush reports that discussions have focused on DOGE’s technical analysis, Elon Musk’s influence on the token, and the possibility of deeper integration of DOGE into X’s ecosystem.

Charts show that DOGE-related topics began trending upward after February 12. On that same day, Elon Musk revealed that X Money had entered internal testing with X employees. The company expects a limited rollout to users within the next one to two months.

Sponsored

DOGE holders expect X Money to accept DOGE for payments. Their expectations stem from Musk’s previous references to DOGE as an example for micropayments.

On February 14, Nikita Bier, Head of Product at X, announced that the platform will soon allow users to trade cryptocurrencies directly from their timelines through clickable “Smart Cashtags.”

Price Rebounds

Although these arguments remain speculative and lack any official confirmation, DOGE’s price rebounded following these developments.

Sponsored

Data from TradingView shows that DOGE climbed from $0.09 to above $0.11 before correcting to around $0.10.

Analyst Daan Crypto Trades predicts that DOGE could reclaim the $0.16–$0.17 range in the short term. This level aligns with the 200-day moving average (MA200).

Sponsored

The recent recovery has strengthened short-term bullish sentiment. However, several structural concerns continue to cloud the long-term outlook.

Recent ETF data highlights ongoing weakness in institutional demand. The DOGE Spot ETF has recorded zero net inflows since the beginning of February. This stagnation reflects limited interest from institutional investors.

Since the launch of DOGE ETFs in the United States, total net assets across these funds have reached only $8.69 million. This figure remains modest compared to other major crypto ETFs.

Dogecoin’s unlimited supply model also presents a structural challenge. The network mints approximately 5 billion new DOGE each year. This continuous issuance raises concerns about the preservation of long-term value.