Dogecoin Jumps 11% as Twitter Brings This NFT Feature

The top memecoin Dogecoin (DOGE) saw an 11% jump in the past 24 hours, according to CoinMarketCap (CMC) data. The price increase comes as Twitter just announced a further development in the world of non-fungible tokens (NFTs).

Per data provided by CMC, DOGE is trading at roughly $0.08, at the time of writing. The number one memecoin — supported by the billionaire Tesla CEO Elon Musk — is up by 11% in the past 24 hours while its seven-day jump is higher than 35%, hitting a 10-week-high.

It’s important to note that Dogecoin’s hash rate hit a seven-month-high of 815 TerraHashes per second (TH/S) on Oct. 18, as reported by U.Today.

New feature in the middle of a drama

The billionaire CEO of the American electric vehicle (EV) manufacturer has been trying to buy the micro-blogging platform Twitter for $44 billion. As the deal comes closer, Twitter developed some crypto announcements in the past week.

On Thursday, Twitter announced the testing of “NFT Tweet Tiles.” According to the tweet, digital collectibles from Rarible, Magic Eden, Dapper Labs and Jump Trade NFT will be displayed with their details.

Now testing: NFT Tweet Tiles 🚀

Some links to NFTs on @rarible, @MagicEden, @dapperlabs and @Jumptradenft will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience. pic.twitter.com/AkBisciB1i

— Twitter Dev (@TwitterDev) October 27, 2022

The development comes just four days after the famous tech blogger Jane Manchun Wong revealed that “Twitter is working on a wallet prototype that supports crypto deposit and withdrawal,” according to a U.Today report.