Elon Musk’s connection with Dogecoin has gained widespread attention in the cryptocurrency community. Musk has consistently shown his fondness and backing for the prominent meme coin through various means. However, recent events have resulted in a lawsuit, with Dogecoin investors alleging insider trading involvement by Musk concerning Dogecoin.
Also read: Shiba Inu Weekly Burn Update: 268 Million SHIB Burned
Musk’s active involvement has played a significant role in elevating Dogecoin from a mere meme to its current status. His tweets regarding Dogecoin, the acquisition of Twitter, and the recent rebranding of Twitter to “X” have all contributed to influencing the price of DOGE.
In one of his recent tweets, Musk hinted that “something special soon” is coming. The tweet caught the attention of the Dogecoin community.
Speculations of Dogecoin incorporation on Twitter rise
Even though Musk hasn’t provided a clear hint on what the special thing is coming to Twitter. However, the Dogecoin community has their eyes peeled, hoping that it could be the incorporation of DOGE into Twitter.
In previous instances, Musk has shown interest in the potential integration of DOGE payments on Twitter, now known as X. However, it remains unconfirmed whether this integration will actually be implemented. Nevertheless, the Dogecoin community eagerly anticipates the possibility of this upgrade becoming available.
Also read: Shiba Inu Price Prediction (SHIB): July End 2023
During a recent interview, Musk discussed the ambitious vision of X becoming half of the world’s financial system if executed effectively. The billionaire aims to transform the social media platform into a versatile “everything app.”
Despite the volatile market conditions, DOGE has managed to surge by 2% in the last 24 hours. Musk’s favorite cryptocurrency is trading at $0.07946 at press time according to CoinMarketCap.