What Elon Musk Buying Twitter Would Mean For Dogecoin

Vinod Dsouza
elon musk dogecoin twitter
Source: Twitter

It’s official! Elon Musk acquired Twitter today for $44 billion and went from being a shareholder to owning the company. Just as the news broke out that the deal is going through, Dogecoin, which was trading at -5% for the day, registered a significant rise. Dogecoin is up +26% today and the community is expecting the asset to shoot up further.

Source: Coingecko.com

Nonetheless, the crypto is displaying extreme bullish sentiments and its 24-hours trading volume has shot up +836.76%. The development suggests Dogecoin could shoot up in price this week and reach a new monthly high.

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Here’s What Elon Musk Buying Twitter Would Mean For Dogecoin

Dogecoin Tipping Jar

Elon Musk’s favorite cryptocurrency might see itself being added to Twitter’s ‘tipping jar’. At present, the social media giant has enabled a tipping jar for cryptocurrencies such as Bitcoin and Ethereum. Dogecoin might be added to the tipping jar now that Elon Musk fully owns the company.

The Dogecoin community started a petition early this year asking Twitter to add Dogecoin to their tipping jar. However, even its co-founder Billy Markus kick-started the hashtag “#DogeTwitterTipJar” which became trending in no time.

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Twitter Blue Might Have Dogecoin Payments

During Elon Musk’s recent TEDx event, the billionaire specifically opened up about Twitter’s source code on GitHub. In addition, he touched on the topic of enabling Dogecoin for payments for Twitter Blue among his priorities.

For the uninitiated, Twitter Blue comes with a monthly subscription that offers exclusive access to premium features. Moreover, users can optimize and customize their Twitter experience as per their choice for a fee.

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Therefore, apart from Dogecoin being added to the tipping jar, the crypto could also be used as a payment for Twitter Blue. The developments can boost Dogecoin’s prospects and the crypto could be poised to scale up sustainably due to use-case and utility.

At press time, Dogecoin was trading at $0.16 and is up +25.8% in the 24-hours day trade. The crypto is up +15.6% over the last 14-trading days.