Elon Musk Twitter: Dogecoin Spikes Over
There is trending speculation of a rumoured Elon Musk Twitter Dogecoin arrangement. This rumour was spiked by the latest tweet about Twitter's new look, which Twitter's new CEO, Elon Musk, called "Twitter 2.0 Plan" - "The everything app".
This has made investors excited about the possibility of the cryptocurrency DOGE being integrated into Twitter. This recent disclosure, in a tweet yesterday, by Musk - who shared lots of slides on "Twitter company Talk" albeit without any mention of Dogecoin - saw the DOGE price surge to 19.4% from $0.089 to $0.107 before cooling off to $0.096, as reported by CoinDesk.
However, according to Coinbase, the price of Dogecoin, which has been on the rise by 26.75% in the past seven days, declined by 0.72% in the last 24 hours. In the past hour, the value increased by 1.83%. The current price is $0.096255 per DOGE. Dogecoin is 86.99% below the all-time high of $0.74.
You will recall that on 16 May, Musk tweeted a mock-up of what he called "Twitter 2.0" that included a Dogecoin tip button. The tweet sent Dogecoin's price soaring by nearly 30% in just a few hours. Musk, now Twitter's biggest shareholder, has been a long-time supporter of Dogecoin, often tweeting about the cryptocurrency and even calling it his "favorite" coin.
Elon Musk Twitter Dogecoin Rumours
In another tweet, world-renowned golfer, Matt Wallace, said, with a hashtag:
"#Dogecoin Acceptance for Twitter Blue Would Be Awesome."
This tweet further deepened speculation on the future of a Twitter Dogecoin payment integration arrangement.
If Twitter were to integrate Dogecoin into its platform, it would give the cryptocurrency a major boost in exposure and could lead to more mainstream adoption.
More rumours abound amid speculation that Twitter may be working on a wallet prototype that supports cryptocurrency deposits and withdrawals. That, plus an announcement of an $8 monthly subscription model, led to a 40% surge in price.
Author: Ayanfe Fakunle
Ayanfe is a full-time writer with over 4 years of experience in the finance space. He holds a bachelor’s degree in Accounting and Marketing. He has an acute interest in the blockchain technology and its endless possibilities. Ayanfe spends his time understanding the technology and educating people about it. Oh! He’s a movie aficionado and a lover of dogs.