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Tesla brought glitz and glamor to its Robotaxi event.
Rumors swirl of Robotaxi-Dogecoinintegration.
The connection between Elon Musk and Dogecoin began to gain traction in 2019 when the world’s richest man announced DOGE as his favorite cryptocurrency. Since then, speculation has mounted regarding Musk’s potential plans to integrate Dogecoin into his platforms, including as a payment option on X .
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The latest rumors about Dogecoin integration came from Tesla’s recent Robotaxi event, which coincided with a significant spike in the memecoin’s value.
Dogecoin X Robotaxi
Dogecoin surged 20% to reach an intraday high of $0.12847 on Wednesday. This uptrend occurred after DOGE hit a local bottom of $0.10287 on October 10, the same day Tesla hosted its much-anticipated Robotaxi event.
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Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains, an analyst said.Expectations of a more hawkish Bank of Japan move increases risk of a yen carry trade unwind, which puts further volatility for risk assets, they said.
President-elect Donald Trump has championed himself as a pro-crypto leader, hoping to make America the “bitcoin capital of the world.”Dogecoin is the world’s sixth-largest cryptocurrency with a market cap near $60 billion.