Elon Musk has mobilized the altcoin market with his new statements. The statements he made at the Twitter meeting are priced at over 5% at the time of writing.
Elon Musk clarified that Twitter will use cryptocurrencies
Tesla CEO made statements about Dogecoin in a new Twitter meeting. When asked about Bitcoin, he replied, “Dogecoin on the moon”. Musk says his newly acquired Twitter will adopt Dogecoin. In his statements, he stated that the platform aims to make it easy to trade with Dogecoin. When asked if Twitter would allow crypto payments, he said the way was clear for Dogecoin and all other cryptos.
Dogecoin price rises after the announcements
DOGE price is currently climbing over 5% after Musk clarified the integration. Meanwhile, Musk is expected to complete crypto payments for Twitter next week. Upon the news, DOGE soon saw an influx of new buyers. At the time of writing, it is trading above the $0.10 zone.
cryptocoin.comAs you follow, Musk’s official purchase of Twitter at the end of October triggered a 150% rally in Dogecoin price.
David Gokhshtein extends DOGE support
In another step towards Dogecoin, former US congressman David Gokhshtein has renewed his support for the meme coin. In his tweet on December 3, he again featured Dogecoin after a series of tweets throughout the year.
The crypto phenomenon wrote in his previous tweets that he was holding bags of DOGE and waiting for it to launch. That’s not the only meme coin it supports, however. Its portfolio also includes Shiba Inu, the second largest meme token by market cap.
Dogecoin rallied over the month with news of Elon Musk
DOGE is currently positioned as the 8th largest cryptocurrency by market cap. His rally began roughly at the end of October on Twitter news. After falling in November, this time it started to rise with the news that Musk will produce a new smartphone. Elon Musk’s tweet that it could launch an “alternative smartphone” if Android and iOS app stores removed the Twitter app rose more than 20 percent.
It seems that DOGE investors decided that this would be an excellent chance for Dogecoin to be adopted globally. But Twitter does indeed have some issues with the App Store. Musk settled the matter by personally meeting with Apple CEO Tim Cook. Overall, DOGE added another eight percent last week. It currently maintains the latest news above 5%. The biggest meme coin has had a chance to recover thanks to Twitter news after losing more than 90% from its peak.
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