© Reuters
Tech company xAI has chosen Dogecoin as its preferred cryptocurrency for its AI platform, Grok. This decision was heavily influenced by the support of tech mogul Elon Musk. Musk’s recent support for dogecoin, demonstrated by a now-deleted tweet that attracted 2.5 million likes, highlighted the digital currency’s strong presence on social media platforms.
Dogecoin, known for its origin as a meme and subsequent growth as a mainstream cryptocurrency, is currently the tenth largest market capitalization, with a valuation of $11.6 billion. xAI’s choice of Dogecoin is a strategic move that aligns with the company’s plans to integrate in-app payment services within Grok by mid-2024. This integration could potentially include Dogecoin.
Historically, the price of dogecoin has seen notable increases following Musk’s endorsement. Anticipation of its integration into Grok’s payment services could also drive its value higher as users and investors respond to the cryptocurrency’s increased utility and visibility.
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