The price of the biggest meme Dogecoin surged 6% following news that Elon Musk’s X. Rhode Island regulators have officially issued a money transmission license to X. The information was publicly available on the National Multi-State Licensing System (NMLS) website as of August 28.

Although the license is only for the state of Rhode Island, the move marks a notable advancement in the company’s efforts to grow in the financial services sector. As always, positive developments have a positive impact on the price of Dogecoin.

Dogecoin surges 6% following the news

In the past 24 hours, Dogecoin has risen from a low of $0.06254 to a high of $0.06806. According to CoinMarketCap data, DOGE is trading at $0.06686.

Elon Musk's work with Dogecoin has generated a lot of interest in the cryptocurrency community. Musk has continuously shown his love and support for the famous meme coin. The recent surge could also be due to the anticipation that DOGE will be included in X. If Musk makes such a decision, Dogecoin could very well become a meme coin with potential utility. #BTC #ETH #荣耀时刻