The well-known dog-inspired cryptocurrency, Dogecoin, experienced a significant surge, climbing almost 12% on a Saturday. This increase, its largest since April 3, 2023, came amid the hype surrounding the recent creation of the XPayments Twitter account (@x), which is associated with the idea of a new payment platform. Despite the account’s current lack of activity and no official confirmation from either Twitter or Elon Musk regarding its payment features, the enthusiasm has been a testament to the speculative impulses often seen in the crypto market. Elon Musk has previously expressed his vision for transforming X into a multifunctional “super app” with payment features. However, as of now, he hasn’t made any official statement confirming Dogecoin’s involvement or the imminent launch of a comprehensive payment system. Traders are looking forward with great interest to the possibility of incorporating Dogecoin into the array of businesses connected to Elon Musk, particularly for potential uses in advertising and additional features within the social media landscape. The rumors of DOGE’s association with Twitter fueled a 16% surge in its value on Saturday, with CoinGecko data showing the cryptocurrency hitting a weekly high of $0.09. Throughout the day, the surge in Dogecoin’s value diminished, resulting in the cryptocurrency ending the day at $0.0877, marking an increase of nearly 12%. Following the initial surge, the coin began to stabilize and reverted towards a more typical trading pattern over the weekend. On Monday, the cryptocurrency’s value declined to a low of $0.081, yet it recovered to $0.085, maintaining a 7% increase from Friday’s figures and exceeding its average price for the week. Despite this increase, Dogecoin’s surge has not reached the $0.1 milestone it hit during its 10th anniversary the previous year. Originally designed for amusement, Dogecoin has unexpectedly surged in popularity, transcending its initial comedic purpose. Musk’s partnership with the creators of Dogecoin to enhance the currency highlights its evolution from an internet joke to a widely recognized form of digital money. The examination of market trends shows conflicting views about the long-term prospects of Dogecoin. The EMAs suggest a short-term downward trend as the current price is below the price from a more extended period. Nonetheless, alternative signals hint at an impending uptrend.