Elon Musk, the unpredictable and often controversial CEO of Tesla, SpaceX, and owner of X (formerly Twitter), has recently taken on a new role as the official head of department head of DOGE. His tenure is set to begin in January, and the crypto world is already buzzing with speculation about the potential changes he may introduce.
Musk has long been a vocal supporter of Dogecoin, frequently making headlines for his tweets and public endorsements of the meme-based cryptocurrency. Many believe his role as DOGE’s head could signal a major shift in the crypto landscape. One of the most anticipated developments is the potential integration of Dogecoin payments on X, which could open up new use cases for the cryptocurrency and expand its adoption.
If this happens, it could reshape both the crypto and social media domains. Such a high-profile move is likely to create hype and FOMO, leading to potential surges in several cryptocurrency tokens. Here’s a list of three tokens that could see increased activity or price surges due to the ripple effects of Musk’s influence and the attention surrounding his involvement with Dogecoin.
3 Cryptos That May Skyrocket If Musk Adds Doge to X Payments
1. Bitcoin (BTC)
Musk’s move to integrate Dogecoin as a payment method on X could bring a positive shift to the cryptocurrency space. It highlights a practical use case for digital currencies, potentially boosting Bitcoin’s value along the way. This development might signal the beginning of a new phase for the market, marked by price increases and emerging trends.
According to our expert’s Bitcoin price prediction, the price of Bitcoin could see a significant increase of over 20%, potentially reaching $120,000 by the end of January 2025. Based on this analysis, now may be a favorable time to consider buying Bitcoin. However, as always, investors should conduct their own research and assess market risks carefully.
2. Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the most popular meme coins in the crypto space right now. The SHIB token has proven its strength time and again, particularly during periods of excitement in the crypto market. If Musk introduces Dogecoin as a payment option on X, it could spark a surge of optimism across the market, potentially boosting interest and momentum for coins like SHIB.
According to our expert’s latest Shiba Inu price prediction, the SHIB Token is expected to see a steady rise, with its value projected to increase by over 1.5%, reaching approximately $0.000028 by the end of January 2025. Analysts suggest that this could be a favorable time to invest in Shiba Inu, especially for those looking to capitalize on its long-term potential.
3. Ethereum (ETH)
As the blockchain powering most new cryptocurrency tokens and meme coins, Ethereum could see a boost if Musk’s addition of Dogecoin as a payment option on X inspires creators to launch new meme coins. These tokens could ride the wave of positive market momentum, driving further interest and adoption. This ripple effect might not only help Ethereum’s value rise but also inject fresh energy into the market with new tokens and use cases.
According to our expert’s current Ethereum price prediction, the price of the Ethereum coin could increase by over 16%, reaching approximately $ 4,300 by the end of January 2025. With this in mind, many analysts believe now could be a strong opportunity to invest in Ethereum for long-term growth.
Also Read: Ripple (XRP) Approaches Yearly High: Can XRP Start 2025 At $3?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
