Investors in Dogecoin remain optimistic that Musk’s plan for Twitter 2.0 would include DOGE in some way, despite the fact that there is currently no information to support this.
Dogecoin experienced a brief 21% price increase as a result of billionaire entrepreneur Elon Musk’s confirmation that he plans to integrate payments into “The Everything App,” or Twitter 2.0.
The new Twitter CEO published numerous slides from a recent “Twitter company talk” in a tweet on November 27 to his 119.2 million followers, outlining his goals.
Data from CoinGecko shows that over the course of several hours following the tweet, Dogecoin’s price increased by 21% from $0.089 to $0.108 before declining to $0.095 at the time of writing.
Musk also mentioned “Advertising as Entertainment,” “Video,” “Encrypted DMs,” “Longform Tweets,” and “Relaunch Blue Verified” in his list of ambitions for Twitter 2.0.
The social media platform reached an all-time high in terms of “new user signups” and “user active minutes,” which were up 86% and 30%, respectively, over the last week compared to the same seven-day period in 2021. The above data from the slides also suggests that Musk’s takeover of the company has already had an impact.
For anyone with even a passing interest in cryptocurrencies, Elon Musk has become a household name. The business tycoon, who has more than 100 million Twitter followers, is regarded as the most influential proponent of Dogecoin and has been shaking up the cryptocurrency industry with his humorous tweets.
The CEO of Tesla and SpaceX reiterated his commitment to DOGE when his other franchise, the Boring Company, announced DOGE payments support for clients, despite the fact that he and his businesses Tesla and SpaceX were being sued for a racketeering plot to support the meme currency.
Elon has already referred to himself as “The Dogefather,” therefore it’s not out of the question for supporters of the DOGE token to expect that the token be integrated into the new Twitter 2.0 plans.