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Dogecoin Price Springs 29% as Chances to Be Adopted by Twitter Rise

Sat, 10/29/2022 - 10:25
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Yuri Molchan
The price of the leading meme cryptocurrency has soared by nearly 30% in the past 24 hours
Dogecoin Price Springs 29% as Chances to Be Adopted by Twitter Rise
Cover image via stock.adobe.com

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Today, the most popular meme coin and the potential crypto of Twitter, as many in the DOGE army believe it to be, has skyrocketed by almost 30 percent.

This has happened on the second day after the official announcement that Tesla boss has taken over Twitter “out of love to humanity” as he stated in one of his recent tweets.

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Image via TradingView

Now many believe that the centibillionaire Musk will make Dogecoin the currency of Twitter or at least one of its payment/tipping options, including such influencers as David Gokhshtein and Cardano founder Charles Hoskinson.

On Friday, Hoskinson tweeted that as Musk finally bought the social media platform, he indeed believes that DOGE has a real possibility to be somehow merged with Twitter.

What is more, Charles said that he reckons DOGE should be a sidechain of Cardano. He offered doing a migration for free and even said he would add smart contracts.

Related
400 Million DOGE Moved to Binance in One Hour, Here's What's Happening

As for an opportunity to integrate Dogecoin, earlier this year, when Musk was invited to join the board of Twitter, he suggested adding DOGE as a payment option for the Twitter Blue subscriptions.

The DOGE army since then has been looking forward to Musk purchasing the microblogging platform. It finally happened this week after the price of $44 billion was paid.

On this news DOGE spiked and jumped one position higher on CoinMarketCap from the 10th spot it held until now.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

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