The price of Dogecoin (DOGE) has experienced an unexpected surge, soaring by more than 14% within a mere 12 hours. The cryptocurrency, known for its meme-inspired roots, witnessed a rapid increase from $0.079 to $0.091, leaving the crypto community buzzing with speculation.

The driving force behind this explosive growth appears to be linked to the enigmatic figure of Elon Musk and his ambitious project, Xpayments. The renowned entrepreneur, recognized for his penchant for cryptocurrencies, particularly DOGE and Bitcoin (BTC), has been making waves with his plans to transform X into a super application, encompassing various services, including financial offerings.