• Elon Musk recently launched an artificial intelligence startup, xAI.
• The move has caused excitement in the crypto community and in particular for Dogecoin fans.
• Dogecoin has reached a new monthly high, potentially due to speculation regarding the potential of an announcement from Musk related to tipping, Twitter Coin or ad revenue sharing using DOGE.

Elon Musk Launches AI Startup xAI

Elon Musk recently announced his plans to launch a new artificial intelligence (AI) company called xAI. This venture will involve members of DeepMind, OpenAI, Google Research, Microsoft Research, Twitter and Tesla – all experts in their respective fields. The news quickly gained traction within the crypto space with many members of the DOGE Army speculating what this could mean for the original memecurrency Dogecoin (DOGE).

Dogecoin Reaches New Monthly High

At press time, DOGE is currently listed as #10 on CoinMarketCap and is trading at $0.070017 with a 7.1% increase over the last 24 hours. This marks a new monthly high for DOGE reaching as high as $0.071668 during early trading hours on Friday morning following news that Ripple’s XRP was deemed not a security in its pending SEC case.

Dogefather’s Support for Dogecoin

Musk has previously shown his support for Dogecoin by stating that “fate loves irony” when referring to its potential longevity and utility despite being initially created as a joke cryptocurrency. Many members of the Crypto Twitter community are now hoping that Musk’s latest move could lead to further developments such as tipping or ad revenue sharing using DOGE on Twitter 2.0 – something which he has yet to comment on officially but which would no doubt be welcomed by many holders of this digital asset should it become reality.

Twitter Spaces with More Info?

A Twitter Spaces event is scheduled where more information about xAI will be revealed shortly – however it remains unclear what exactly will be discussed there or whether any comments will be made regarding future plans for Dogecoin adoption on Twitter 2.0 or elsewhere by Musk himself or his team at xAI .

Final Thoughts

Only time will tell what Elon Musk’s latest move means for the future of Dogecoin and other cryptocurrencies but one thing is certain: there is still much excitement and anticipation amongst those within the crypto space regarding what this new AI venture may bring about!