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How Has X Money Helped DOGE Regain Momentum in February?

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Dogecoin (DOGE) Mentions. Source: LunarCrush

By mid-February, discussions about Dogecoin (DOGE) had become noticeably more active. DOGE holders expect the meme coin to stage a strong recovery after losing more than 75% of its value since last year.

Several catalysts have fueled this renewed optimism. The key question remains whether these factors are strong enough to drive a sustained price rebound.

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Elon Musk’s Influence Over DOGE Is Making a Comeback

Data from LunarCrush, a social intelligence platform for crypto investors, show that mentions of Dogecoin increased by 33.19% over the past month compared with the previous month.

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This unusually strong rise indicates that community interest in the meme coin has returned in force.

Dogecoin (DOGE) Mentions. Source: LunarCrush
Dogecoin (DOGE) Mentions. Source: LunarCrush

LunarCrush reports that discussions have focused on DOGE’s technical analysis, Elon Musk’s influence on the token, and the possibility of deeper integration of DOGE into X’s ecosystem.

Charts show that DOGE-related topics began trending upward after February 12. On that same day, Elon Musk revealed that X Money had entered internal testing with X employees. The company expects a limited rollout to users within the next one to two months.

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DOGE holders expect X Money to accept DOGE for payments. Their expectations stem from Musk’s previous references to DOGE as an example for micropayments.

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On February 14, Nikita Bier, Head of Product at X, announced that the platform will soon allow users to trade cryptocurrencies directly from their timelines through clickable “Smart Cashtags.”

“X is reportedly in internal testing for stock and crypto trading, sparking speculation about Dogecoin and $XRP integration. Analysts suggest Dogecoin could reach $1 or $2 quickly, with recent social posts highlighting potential price pumps and Elon Musk’s influence.” LunarCrush reported.

Price Rebounds

Although these arguments remain speculative and lack any official confirmation, DOGE’s price rebounded following these developments.

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DOGE Price Performance. Source: TradingView
DOGE Price Performance. Source: TradingView

Data from TradingView shows that DOGE climbed from $0.09 to above $0.11 before correcting to around $0.10.

Analyst Daan Crypto Trades predicts that DOGE could reclaim the $0.16–$0.17 range in the short term. This level aligns with the 200-day moving average (MA200).

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The recent recovery has strengthened short-term bullish sentiment. However, several structural concerns continue to cloud the long-term outlook.

Recent ETF data highlights ongoing weakness in institutional demand. The DOGE Spot ETF has recorded zero net inflows since the beginning of February. This stagnation reflects limited interest from institutional investors.

Total DOGE Spot ETF Net Inflow. Source: SoSoValue.
Total DOGE Spot ETF Net Inflow. Source: SoSoValue.

Since the launch of DOGE ETFs in the United States, total net assets across these funds have reached only $8.69 million. This figure remains modest compared to other major crypto ETFs.

Dogecoin’s unlimited supply model also presents a structural challenge. The network mints approximately 5 billion new DOGE each year. This continuous issuance raises concerns about the preservation of long-term value.

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Crypto World

ProductionReady’s Jimmy Song Pitches Case for Conservative Bitcoin Software

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Decentralization, Nodes, Bitcoin Adoption

The Bitcoin (BTC) network needs a “conservative” Bitcoin client node software implementation to preserve its monetary properties and strengthen network decentralization, according to Jimmy Song, co-founder of ProductionReady, a non-profit organization funding open source Bitcoin node software development and education.

The organization has a “bias” against significant code changes, unless there is “overwhelming” community support for the change, Song told Cointelegraph.

“The general principle is: if you’re not sure a change makes the money better, don’t make it,” he said. 

Decentralization, Nodes, Bitcoin Adoption
The number of Bitcoin nodes, broken down by software implementation, between 2016 and 2026. Source: Coin Dance

ProductionReady expects to restore the 83-byte OP_Return data limit for arbitrary, non-monetary information in Bitcoin transactions, he said, adding that keeping node storage costs down by limiting arbitrary data is essential to network decentralization. He said:

“The more self-sovereign Bitcoin users are, the more decentralized and resilient the network becomes. That means keeping the cost of running a node low enough for ordinary people to do it. 

“When storage and bandwidth requirements grow, fewer people verify for themselves, and the network centralizes by default. A conservative client takes that tradeoff seriously,” Song continued.

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Maximizing nodes and making them accessible to the average user hardens the Bitcoin network, reducing the chances of cheating by submitting false transactions or a few actors colluding to centralize the network. 

Decentralization, Nodes, Bitcoin Adoption
Bitcoin Core continues to be the software of choice for node runners, with 77.8% of the network running some version of the Core software and 21.8% running Bitcoin Knots. Source: Coin Dance

Related: 72% of subsea cables would need to fail to impact Bitcoin, study shows

Bitcoin Core 30 removes the OP_Return data limit, sparking major pushback

Node storage and onchain spam became hot-button topics in 2025 after Bitcoin Core developers unilaterally changed the 83-Byte data limit in Bitcoin Core version 30, the latest major upgrade to the reference implementation for Bitcoin node software.

The limit was changed to 100,000 bytes despite significant pushback from the Bitcoin community. For context, the proposal to change the limit received about 4 times as many downvotes as it did upvotes, according to the proposal’s GitHub pull request page.

Bitcoin Core 30 went live in October 2025, triggering a historic surge in the number of Bitcoin nodes running Bitcoin Knots, an alternative implementation of the node client software.

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Decentralization, Nodes, Bitcoin Adoption
The number of nodes running Bitcoin Knots surged to record highs in 2025, following the release of Bitcoin Core 30. Source: Coin Dance

There are 4,746 Bitcoin Knots nodes, representing over 21.7% of nodes on the network, according to Coin Dance.

Only about 1% of the network was running the Knots software in 2024 before the decision to remove the OP_Return function was announced.

Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins