Dogecoin (DOGE) saw a 5% spike amid fresh chatter surrounding potential payment features on X, Elon Musk’s social platform. The excitement was fueled by Musk posting a screenshot of Joe Rogan’s profile, where a distinct dollar icon appeared, sparking speculation it might signal the launch of X Payments.

DOGE’s history of price swings tied to Musk’s companies and payment-related updates bolsters optimism that the token could play a role in X’s ecosystem. The service, envisioned as part of Musk’s “everything app” initiative, has progressed with money transmitter licenses secured across most U.S. states.

DOGE’s surge underscores market anticipation, with the token climbing to multi-year highs, up 190% in the past month. Some analysts believe that its integration into X could solidify Dogecoin’s position as a cornerstone for digital micropayments.