• Popular UX/UI and graphic designer at Dogecoin Foundation and the MyDoge wallet suggested the forced retirement of the home icon in place of a new one on the X platform, which Musk confirmed is in the pipeline.
• The background developments of the X platform into a major financial ecosystem have the Dogecoin community speculating on future integration as a form of payment.

The ultimate winner in the meme coin industry over the coming years is undeniably expected to be decided by the real-world utility acquired over time. As a result, the Dogecoin (DOGE) global; community has been hoping that tech billionaire Elon Musk will integrate the meme coin into his family of businesses and improve its overall liquidity. Furthermore, Baby Doge Coin (BABYDOGE) has a higher DeFi liquidity compared to Dogecoins itself according to aggregate data provided by dexscreener.

Nonetheless, Dogecoin has a higher number of non-zero addresses amounting to more than 5.8 million, according to on-chain data provided byTokenview. Dogecoin, the second largest proof-of-work (PoW) blockchain and the leading meme coin by market capitalization and on-chain activity, is well positioned for future growth prospects with Musk as the godfather.

Is Dogecoin Integration with X Platform in Musk’s Next Big Move?

Undeniable, X platform is slated to become a social finance hub for most of the global users. Notably, Musk has reiterated his unwavering support for the Dogecoin community, despite some of the investors having filed a $258 billion lawsuit accusing him of insider trading and price manipulation. In the latest developments, leading Dogecoin and MyDoge wallet graphic designer, DogeDesigner, suggested that the birdhouse icon on the X platform should be retired with some commentators highlighting it should be replaced with the DOGE logo.

Interestingly, Musk replied that plans are underway to replace the home button. However, Musk did not clarify if the Dogecoin logo will be used in place of the bird home button. Worth noting that Musk has used the DOGE logo on his profile consistently for weeks, which has increased investors’ confidence in his long-term support for the meme coin. During the 2021 crypto bull market, Musk noted that he had purchased some coins for his son to be a young holder.

Meanwhile, the current X platform CEO, Linda Yaccarino, recently teased that the social media platform is gearing up for payment integration. Interestingly, the X platform has already enabled the premium subscribers to receive their monetization in Ethereum (ETH), and Bitcoin (BTC) addresses. The integration of Dogecoin is anticipated to open doors for other altcoins and meme coins like Floki Inu (FLOKI) on the X platform.

DOGE Market Outlook and Price Action

As of Tuesday, Dogecoin price hovered around $0.0606, having dropped approximately 3 percent in the past seven days. The leading and oldest meme coin had a market capitalization of about $8.5 billion and a 24-hour average trading volume of approximately $111 million. Having consolidated for the past year, crypto analysts are confident a Dogecoin bullish breakout is preparing, especially in the higher time frames.

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