Analysts have singled out the only token from the top list that grew over the week

According to Cointelegraph Markets, the DOGE meme token hit a seven-day high of $ 0.089 on the morning of January 21. Dogecoin was the only digital asset in the top 10 list that managed to rise by 2.8% over the week.

At the time of writing, the value of DOGE $0.28 Department Of Government Efficiency -2.22% Market capitalization $0.27 billion VOL. 24 hours $1.54 billion fell by 3% per day, however, the token remained the leader of the weekly growth. The growth of the token was influenced by the news of the introduction of a payment function on the X platform. The social media giant has prepared the ground for the future feature by creating a special X Payments account.

The newly created account features a gold verification badge and the distinctive X logo, indicating its connection to the platform. Despite the lack of posts, the account had more than 107,000 followers as of the last update.

This development is in line with X’s broader strategy, which includes the introduction of a payment feature on the platform later this year. The company aims to introduce peer-to-peer payments, which will create new opportunities for commerce. It was recently reported that Elon Musk hinted at the potential launch of this feature by mid-2024.

Some members of the crypto community are speculating on potential uses for DOGE within the platform. Elon Musk’s favorable stance on Dogecoin has largely fueled this speculation. However, neither Elon Musk nor X representatives have yet clarified whether their peer-to-peer system will support traditional fiat currency or cryptocurrency payments.