The massive Twitter takeover by Elon Musk has garnered attention on a global scale. On October 27, 2022, one day before the deadline, Musk completed the transaction by purchasing Twitter for $44 billion.
Elon Musk took to Twitter on Friday to announce that the social media giant’s long-delayed “Verified” service will most likely launch next week. Similarly, depending on the type of account, different colored check marks will be issued.
In one of his recent tweets, Musk unveiled a slide from a Twitter company talk. Musk unveiled “Twitter 2.0”, branded as “The Everything App”. Musk also revealed some of the new features, including encrypted DMs, long-form tweets, the relaunch of blue verified, and payments.
The payment portion of his tweet has everyone intrigued. This part was left empty, and everyone is anticipating what it will be. Everyone knows about Musk and his love for cryptocurrencies, particularly Dogecoin. Many even anticipate that Twitter 2.0 will incorporate cryptocurrency payments, including Dogecoin.
Dogecoin spikes, thanks to Elon?
Dogecoin is Elon Musk’s favorite token. The Twitter acquisition was anticipated to likely boost DOGE adoption. The DOGE community also expected Musk to include Dogecoin for tipping and accept DOGE as payment.
Dogecoin, the king of meme coins, has increased by more than 13.63% in the last 24 hours. According to CoinMarketCap data, DOGE is trading at $0.104 at press time. The spike in value is likely in anticipation of the incorporation of DOGE into Elon’s social media behemoth.
There has also been an 84% spike in the trading volume of DOGE over the last 24 hours. DOGE had put up an outstanding performance in the course of the last 30 days, with the meme coin touching $0.1572.
If Musk announces the addition of DOGE as a payment mechanism on Twitter, that can most likely drive up the price of the meme coin.