Elon Musk acquired Twitter for $44 billion in 2022. The acquisition is part of Musk's plan for an everything app that will include payments and could see Dogecoin integration. Add Comment DOGE/USD has increased over the past day, which could be for numerous reasons including social media platform X getting closer to launching payments in 2025. What Happened: Formerly known as Twitter, social media platform X has been transformed since billionaire Elon Musk acquired the platform for $44 billion in 2022. Musk began acquiring a stake in the company in January 2022 and announced his intent to acquire the company in April 2022. The acquisition was completed in October 2022 and Musk is now the owner of the social media platform. The acquisition is part of Musk's plan to create what he calls an everything app that will include social media, payments, video and more. Integration of payments on X has been a hot topic over the years and also helped boost the price of Dogecoin on several occasions. Musk has been a supporter of Dogecoin over the years and there is a long-standing belief that the meme cryptocurrency will be included in X Payments. Musk previously changed the Twitter logo from the bird to Doge for a short period before changing it back and later changing the logo to an X as the company changed its name to X. X CEO Linda Yaccarino shared a tweet that suggests X Payments, aka X Money could be nearing a launch. "2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more. Buckle up. Happy New Year!" Yaccarino tweeted. That tweet along with the inauguration of Donald Trump as president and Musk as the co-leader of the Department of Government Efficiency with Vivek Ramaswamy later this month could be helping boost the price of Dogecoin. Dogecoin traded between 15 cents and 18 cents on Nov. 5, the day of the U.S. presidential election. Like many cryptocurrencies, Dogecoin gained in the days and weeks after Trump's victory. The meme crypto hit a one-year high of $0.4835 in December 2024. Here's a look back at where Dogecoin traded when Musk acquired Twitter.