Dogecoin News Today: Dogecoin Surges 5% on X Payment Rumors but Faces Smart Money Exit Pressures

Rumors of Elon Musk integrating Dogecoin into his X platform have reignited investor interest, sending the cryptocurrency closer to the $1 level. The speculation follows ongoing discussions about X evolving into a payments platform, which could significantly expand the use case for DOGE. As a result, Dogecoin has surged approximately 5% this week amid heightened social sentiment and increased whale activity. Analysts have noted that if a double-bottom pattern holds, Dogecoin could see an 80% climb to around $0.42 [1].

Despite the bullish momentum, some market observers suggest that large institutional investors, or “smart money,” may already be reducing their exposure to Dogecoin. The price movement appears to hinge heavily on Musk’s influence and the eventual integration of DOGE into X Payments. A retreat below $0.20 could undermine current optimism unless official developments or partnerships materialize [1].

In contrast to Dogecoin’s meme-driven narrative, a quieter DeFi project, Remittix (RTX), has begun to attract attention from traders seeking more structured value. The project has recently announced the development of a mobile-first wallet supporting Ethereum and Solana networks, slated for a Q3 launch. This wallet is expected to feature cross-chain DeFi capabilities, ultra-low gas fees, and global payment tools, making it a potential alternative for investors looking beyond speculative assets [1].

Analysts describe Remittix as a scalable payments engine with real-world utility, including audited security from CertiK and a referral system offering 20% RTX rewards. The project has already raised over $17.8 million, making it one of the fastest-growing early-stage crypto campaigns. These factors position RTX as a strong candidate for investors focused on long-term utility and infrastructure rather than short-term hype [1].

While Dogecoin remains tied to Musk’s public endorsements and the potential for X Payment integration, Remittix is building a foundation of technical innovation and user engagement. With a $250,000 giveaway currently active, the project is emphasizing practical tools and community-driven growth as it aims to deliver real-world financial solutions [1].

As the crypto market continues to evolve, the distinction between speculation and utility is becoming more pronounced. Dogecoin’s price performance may continue to reflect the whims of social media and high-profile figures, while projects like Remittix highlight the growing demand for crypto with tangible applications. The coming weeks will be critical in determining whether Dogecoin’s recent surge is a sustainable trend or a short-lived rally driven by narrative alone [1].

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[1] Dogecoin aims for $1 as Elon's X payment rumours resurface, but has smart money already started rotating elsewhere?

https://invezz.com/news/2025/07/31/dogecoin-aims-for-1-as-elons-x-payment-rumours-resurface-but-has-smart-money-already-started-rotating-elsewhere/