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Dogecoin price spikes 10% after Elon Musk announces X Money

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Dogecoin ($DOGE) price had spiked over 10% after Elon Musk announced early public access to X Money next, before retracing significantly to trade about $0.09195 on Wednesday, March 11, 2026.

The flagship dog-themed memecoin saw its market cap gain 8.14% in the past 24 hours to hover about $14.1 billion at press time, based on data from crypto data platform CoinMarketCap. Additionally, its daily average traded volume spiked by more than 108% to reach $2.2 billion at press time.

The mainstream demand for Dogecoin initially surged after Musk announced that X money early public access will launch in April, 2026. However, after climbing as high as $15.3 billion $DOGE’s market cap is now at $14 billion, with Dogecoin trading at $0.09195 down 3.5% at press time.

$DOGE price prediction 2026

Dogecoin’s exponential demand catalyzed by potential integration with X Money could fuel the memecoin’s next bull wave.

Finally, $DOGE price has been forming a similar fractal pattern to its 2024 bottom consolidation before its massive surge, according to trading expert TATrader_Alan. However, crypto traders should remain vigilant of a potential sell-the-news impact on $DOGE next month.