After it was claimed that Elon Musk’s offer to Twitter could be accepted by Monday Dogecoin (DOGE) price moved and gained 10% on average.
Biggest meme coin by market capitalization, social media giant twitterIt started to rise rapidly after allegations that ‘s was on the verge of accepting Musk’s $ 43 billion offer.
It is already known that Dogecoin tends to react positively to any news about the Tesla CEO who recently announced that he has the token. But given that Musk, who is at the top of the list of the richest people in the world, has expressed interest in including DOGE on the platform, Musk’s acquisition of Twitter meme coin may be a much more important development.
Can Dogecoin Be Integrated With Twitter?
Elon Musk, after buying a 9.2% stake in Twitter earlier this month, offered the idea to offer a monthly subscription service for the site. Musk suggested that DOGE also be a payment option for the service.
Musk also proposed a feature that allows Twitter users to tip (tip) in DOGE. The social media giant currently allows users to tip on Ethereum.
Telsa CEO is a DOGE fan and made sure to feature the token at several Tesla roadshows and events. Musk’s interest in the meme coin, particularly through his tweets, has also helped make it the 11th largest coin by market capitalization.
Elon Musk Is Pretty Serious About Twitter
Elon Musk has laid out big plans for Twitter beyond just adding DOGE support. The Tesla CEO plans to take the firm private and turn it into a global platform for free speech.
“Twitter has tremendous potential and I will unlock that potential. – Elon Musk.”
Do you think Elon Musk will really be able to buy all of Twitter, and if he does, will Dogecoin quickly reach the long-awaited $1 levels?
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.