Dogecoin Under Pressure as X Money Excludes Token from Public Beta Phase

Dogecoin (DOGE) faced renewed downward pressure following reports that the cryptocurrency has been excluded from the upcoming public beta phase of Elon Musk's X Money platform. This exclusion provides a concrete reason for the cooling investor sentiment, as the token's immediate utility within the new ecosystem remains uncertain. As of Wednesday, March 11, 2026, DOGE is trading at approximately $0.09195, continuing its retracement after an initial 10% spike. While X Money aims to disrupt traditional banking with a 6% annual yield and P2P transfers, the lack of official crypto integration in the beta phase has dampened speculative momentum. Analysts suggest that this development underscores the gap between market expectations and the platform's current technical roadmap. Despite the setback, the launch of X Money remains a pivotal step in transforming X into a global financial hub.

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