X Partners With Visa For Financial Services: DOGECOIN Payments Next?

All eyes are on Dogecoin after billionaire Elon Musk’s social media platform X announced a partnership with Visa as the first step of a new digital payments and banking feature.

“X” has partnered with Visa Inc on a new digital payments feature on Tuesday, reported the New York Times.

The partnership marks X’s first big move towards becoming an “everything” app – a vision first laid out by its billionaire owner as early as 2022.

The reason for the focus on Dogecoin today is that Musk has long been a supporter of the meme coin. He even invited Billy Markus, one of the co-founders of Dogecoin, last week to join the Department of Government Efficiency as an advisor.

Together, these developments are reigniting hopes that DOGECOIN could play a role in X’s foray into financial services.

Source: Brave New Coin Bitcoin Liquid Index (BLX)

Why is X Money significant for Dogecoin?

The new service dubbed “X Money” will enable creators on the social platform to receive payments without having to rely on third-party applications.

Plus, it will empower users to add money to their digital wallets and make instant peer-to-peer payments with mobile apps like Venmo as well.

X has partnered with Visa to set up a versatile and user-friendly ecosystem to manage all sorts of transactions from within the platform.

And if Dogecoin ends up finding a place within that ecosystem, its price could rally hard from current levels and hit the much-anticipated $1.0 level by the end of 2025.

Musk’s support could send DOGE to $1.0 in 2025

Markets could read a potential integration of Dogecoin into X Money as Musk’s seal of confidence, adding to the legitimacy of the meme coin and its broader appeal for the investment community.

It may drive a significantly bigger audience to DOGE and help set it up as a legitimate means of payment. Eventually, this mainstream adoption could translate to a higher price for this meme coin.

In fact, a crypto enthusiast who goes by “Trader Tardigrade” on X currently sees a path for Dogecoin to be worth as much as $4. His price objective is based on the Fibonacci 1.618 Extension level.

The meme coin has a history of consolidating (as it is currently) before a significant breakout – one that could see it rally more than 1,000% this year, according to Trader Tardigrade.

Source: X.com

Dogecoin bulls likely to kick in soon

Dogecoin looks worth buying at writing also because the MACD is showing signs of a bullish crossover that often indicates upward momentum ahead.

It’s also reasonable to expect a sharp rebound in DOGE in the near-term considering it’s currently trading only a hint above a key support at the $0.3144 level.

Moreover, the Relative Strength Index (RSI) is approaching the oversold territory, further substantiating that bulls will likely kick in very soon.

Put together with the Fed’s rate announcement on January 29th, the stage looks set for an explosive rally in Dogecoin to $1.0 in the coming months.

Even if the US central bank stays put and leaves rates unchanged this week, it will most certainly signal more rate cuts planned for later this year – and that’s perhaps what the crypto investors will focus more on.

Source: Trading View

Is Dogecoin poised for an explosive rally in 2025?

In summary, Dogecoin may be an exciting investment proposition for 2025, particularly after X signed an agreement with Visa Inc, the largest US credit card network, to debut in financial services.

The idea that DOGE could end up becoming a part of X Money is exciting – and will likely trigger an unparalleled price rally in this meme coin on the back of mainstream adoption if it becomes a reality.

Technical indicators as well as crypto experts paint a rosy picture of what the future holds for Dogecoin as well. In fact, breaking Dogecoin news today suggests Bitwise has filed for a DOGEcoin ETF.

Bitwise files for a Dogecoin ETF, Source: X

Finally, Trump’s promise of a crypto-friendly government could serve as a meaningful tailwind that contributes to the meme coin’s potential rally to the closely-watched $1.0 valuation. Doge to a dollar!