Elon Musk returns to tweeting about Dogecoin! Here’s why
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Answer Elon Musk returns to tweeting about Dogecoin! Here’s why
No other celebrity has as much influence as Elon Musk on Dogecoin (DOGE).
Where, with a simple tweet from “Elon Musk” about DOGE, the price of the coin immediately rises.
In fact, much of Dogecoin’s popularity can be attributed to Elon Musk.
After a flurry of constant tweets about memecoin last year, there has been a lull recently.
Currently, the price of DOGE is fluctuating quite a bit around the $0.061 level.
Elon Musk and the Dogecoin Project:
After the news that Elon Musk was about to take over Twitter for the first time in April, there was a lot of traction around the cryptocurrency DOGE.Read:With wildly fluctuating prices…the new LUNA coin becomes a paradise for speculators
The news got a lot of people thinking about whether Elon Musk would enable Dogecoin payments on Twitter.
Finally, with Musk intent on buying Twitter at the original offer price, the DOGE community was elated.
However, there has been no official hint from Musk nor the Dogecoin team about DOGE’s payments plans.
On Friday, the CEO of Tesla interacted with a tweeter about Dogecoin.
A response to a tweet from DogeDesigner, who posted a user interface designed imaginatively for what Twitter’s payment method would be based on DOGE.
Musk tweeted, noting that the Twitter purchase would help his future plans to build the Everything app, as his tweet came as follows:
Buying Twitter is speeding up the creation of App X, App Everything.
After word got out that Musk was willing to take over Twitter at the original offer price, there was a sudden spike in the price of DOGE.
There was an immediate price hike of more than 8% after the announcement.
At the time of this writing, it is at $0.061 according to price tracking platform CoinMarketCap.Read:Australian myCryptoWallet platform suspends services
If the Twitter acquisition is successful in the coming days, the price of DOGE may rise in a short period after the announcement.
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