X, the social media site owned by Elon Musk, is apparently in negotiations to get more money at a price of $44 billion—the same value Musk paid when he bought Twitter and renamed it in 2022.
Industry sources indicate that this financing initiative could represent a major turning point for the platform, therefore benefiting its early backers—including prominent venture capital companies. Negotiations are still in flux, though, and specifics of the possible investment might vary.
This change coincides with mounting conjecture that X is getting ready to launch an in-app payment system. Indicating a 2025 deployment, the platform has established an official X Payments account and already received money transmitter licenses in 41 U.S. states.
Changing Fortune for X and Musk’s Empire
After Musk bought Twitter, the network saw a sharp drop in ad income, which raised questions over its financial soundness. Recent market swings, though, have benefited Musk. Mostly due to growing stock values in his other businesses, like Tesla and AI company xAI, his net worth has grown.
X’s changing corporate approach also reflects Musk’s increasing influence in political and financial realms. X might be setting itself for a big comeback in the digital world given continuous investor interest and the integration of new financial services.
Headline: Dogecoin Eyes $0.50 while X Seeking $44 Billion Investment by Elon Musk
Excerpt: After news that Elon Musk’s X is looking for fresh money at a $44 billion value, Dogecoin saw a little increase. Rumor about DOGE’s possible place in X’s future financial ecology keeps many hopeful for a strong comeback.
Article: Following successive days of losses, the tiny 0.30% increase in the price of Dogecoin almost reached the $0.26 resistance level. Reports of Elon Musk’s social media startup X conducting investment negotiations to generate money at a $44 billion valuation coincided with the increase.
Market reaction of Dogecoin toward X’s funding proposals
Musk’s business actions have long had an impact on DOGE; the most recent funding talks for X have sparked rumors concerning the place of Dogecoin in the ecosystem of the platform. With X able to combine digital payments, investor enthusiasm has been raised; DOGE traders are looking at more price movement.
X has been aggressively acquiring financial licenses, according to reports, which helps the platform to challenge traditional payment systems like PayPal. Based on Musk’s inclination for Dogecoin and his past with digital payments, traders are betting that DOGE would take front stage in X’s financial system.
Could Dogecoin hit $0.50?
Should X include DOGE into its payment system, transaction volumes might rise noticeably, hence increasing the value of the token. Technical indicators, however, point to important resistance levels still needing to be passed before a drive toward $0.50 is realistic.
Dogecoin is trading close to $0.252 as of right now; price activity tests the $0.265 resistance level. Though market conditions will finally define DOGE’s path in the next weeks, a breakout above this area could open the path for a continuous advance.
