![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.In the past 24 hours, the crypto has been decreased by -4.38% in its current value. ![]() On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Whether Musk’s Twitter antics can lift Dogecoin prices yet again, however, remains to be seen. The entire industry is likely reeling from this morning’s announcement that crypto lender BlockFi filed for bankruptcy, following in FTX’s footsteps. Today the crypto is down 4% alongside most other major coins. With that said, it’s not all sunshine at the Doge camp. Musk has long been DOGE’s biggest cheerleader, so a win for him is often a win for the coin. ![]() While DOGE hasn’t been able to escape the crypto crash this year, down 45% year to date, it has regained some of its lost value in the wake of Musk’s twitter shenanigans. Musk has practically been the meme coin’s sole saving grace for most of its existence. This includes allowing anyone to purchase the long sought-after checkmark badge, reinstating a number of banned accounts - including that of former President Donald Trump - and initiating a campaign against bots and impersonation accounts.įor Doge fans, this comes as strong news. Musk has also laid out a number of drastic alterations to the platform itself. The changes haven’t just been at the office, however. This includes laying off more than half of Twitter employees and requiring an immediate pivot to back-to-office work. If you’ve been living under a rock, the Tesla (NASDAQ: TSLA), SpaceX and now-Twitter chief executive has launched a virtual firestorm of change at the social media platform since his purchase of the company was finalized just weeks ago. Musk Continues Twitter Tirade As Dogecoin Prices Remain in Flux What else can we expect from the eccentric billionaire and his favorite dog-themed crypto? DOGE has already climbed more than 15% in the past two weeks, in no small part due to Musk’s Twitter takeover. Should this prove true, Dogecoin fans could see a rather handsome payoff. Musk also hinted the blue verified checkmark is soon to make its return.įor Doge fans, however, the real meat of post was the last bullet point, titled simply “payments.” Given Musk’s long and usually Twitter-based ties to the infamous meme coin, some have begun speculating Twitter will accept DOGE as a payment method. “The Everything App,” as he calls it, will have advertising as content, enhanced video playback and longform tweets. Slides from my Twitter company talk /8LLXrwyltaĪdditionally, Musk outlined some changes in the works for what he referred to as Twitter 2.0. 26, Musk took to his favorite social media platform (the one he owns) to share a series of slides from a recent “Twitter company talk.” The slides seemingly showed a drop in hate speech on the platform and a spontaneous jump in signups to 2 million per day, the highest level ever. Will Dogecoin prices surge off of Musk’s latest tweets? Speculation is running rampant that notorious Dogecoin ( DOGE-USD) fan, Elon Musk, will include the bushy-tailed crypto in his vision for Twitter.
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