Shock Cryptocurrency Decision from Twitter: DOGE is Melting! – Cryptokoin.com

The price of the biggest meme coin, Dogecoin (DOGE), has been on the decline after a report emerged. In the aforementioned report, it was reported that Elon Musk’s plan to integrate DOGE into Twitter has been put on hold. Here are the details and DOGE’s price action… Dogecoin (DOGE) price and detailed market data from here you can see.

Has Elon Musk delayed DOGE integration?

cryptocoin.com As we reported, DOGE rally with Elon Musk’s acquisition of Twitter. The purchase agreement was seen as a positive development for Dogecoin. Because Musk has given various signals that he will integrate the meme coin into Twitter. But now it’s on the decline after a new report came to light. Meme coin was among the cryptocurrencies that experienced the most drops in the last 24 hours due to the Platformer report.

According to the report, the social media platform Twitter encountered a request from its new owner, Elon Musk. As part of the ongoing changes launched last week, it has discontinued its plans to create a cryptocurrency wallet. “A recent plan to create a crypto wallet on Twitter has stalled,” the article states. Dogecoin (DOGE) dropped almost 10 percent after the news. The price of the popular meme coin has consistently reacted to Musk’s activities and statements. The billionaire entrepreneur and Tesla CEO has been a huge proponent of the token.

However, at this point, it is worth noting that there is no official statement from Elon Musk or Twitter teams. The integration of Dogecoin as a payment method was already mentioned as a possibility. It has not been announced whether the official and definitive work on this has been started.

Dogecoin price drops

After the latest report, the price of Dogecoin slumped from $0.1346 to $0.1169. At the time of writing, it is changing hands at $0.1227. Still, DOGE’s price rose 60 percent on a weekly basis and 85 percent on a monthly basis, with Musk’s acquisition of Twitter. It even slightly closed the gap between it and its all-time high. A statement on DOGE’s Twitter integration or Elon Musk tweet can determine where the price will go now.

Meanwhile, the company is expected to lay off about half of its employees. Last week, Musk fired Twitter’s CEO and other top executives. In the past, too, Twitter has made no secret of its intention to change its direction.

Dogecoin ecosystem expands

For Dogecoin, the focus has been on Twitter lately. But apart from that, there are many new developments in the ecosystem of the popular meme coin. The latest of these came from Revolut. Revolut, a neobank, is set to introduce a crypto card in the UK. In this context, residents of the country will soon be able to pay for everyday items such as bread using Dogecoin (DOGE).

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