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

Key Facts

1Elon Musk confirmed that the 'X Money' remittance system will begin its early public access phase in April 2026.

2Dogecoin (DOGE) experienced a surge due to speculation regarding its role in the new system.

3The project aims to transform X into an 'everything app' including financial transactions and utility payments.

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.

7 months ago

Version History

Version 47 months ago

What changed: Updated to include Dogecoin's exclusion from the X Money public beta phase, providing a fundamental reason for the recent price retracement and lack of immediate utility.

Version 37 months ago

What changed: Updated Dogecoin price action to reflect a 10% spike followed by a significant retracement to the $0.09195 level on March 11.

Version 27 months ago

What changed: The launch timeline was narrowed to April 2026, and Dogecoin saw an 8% price rally following the announcement despite no official crypto integration.

Version 17 months ago

What changed: Updated the story to include new technical features such as the 6% yield and P2P transfers, while clarifying the lack of official confirmation regarding cryptocurrency integration.