In his latest tweet, Elon Musk announces plans to make Twitter 2.0 a reality. One particular slide talks about Twitter payments, which was left empty. Crypto enthusiasts started speculating about the potential integration of cryptocurrencies, specifically Dogecoin. Will Dogecoin payments on Twitter become a reality? Here are the latest Dogecoin Twitter speculations.
Does Elon Musk like Dogecoin?
It is clear that Elon is a fan of good memes. In fact, ever since the COVID-19 events from back in 2020, Elon became highly active on Twitter. He was basically posting a lot of memes, part of them relating to cryptocurrencies such as Bitcoin and Dogecoin. The latter itself is a cryptocurrency that doubles as a meme.
Elon went to the extent of accepting cryptocurrencies briefly for Tesla purchases before going back on his decision. The reasons was stemming from the crashing crypto market. However, his other company called “The Boring Company” did accept Dogecoin for its products.
Elon announces new Twitter: What is Twitter 2.0?
In his latest tweet, Elon Musk shared a few slides from a presentation that happened in Twitter management. It basically showed two big parts:
- Twitter latest stats
- Twitter upcoming new features
However, crypto enthusiasts couldn’t help but notice the “Payments” section of the upcoming new features was blank. Speculations started to surface as the biggest prediction goes to crypto payments. Since Elon likes Dogecoin, this cryptocurrency might be an option for Twitter payments.
Why is Dogecoin price up today?
Following the big announcement from Elon Musk and the payment speculations, Dogecoin gained more than 10% in the last 24 hours alone. DOGE investors seem to bet that Dogecoin might be an integral part of Twitter’s upcoming payment plan.
Dogecoin prices reached the important price of 10 cents. In fact, prices started their uptrend since the support price of 7 cents, which we predicted in a previous article.
Dogecoin Prediction 2023: Will Dogecoin reach 1$?
The previous all-time high of Dogecoin is known to be around $0.75. Back then, there weren’t even any fundamental backings of this high valuation. On the other hand, if the speculations about Dogecoin payments on Twitter become true, Dogecoin should not have a problem reaching this all-time high price again.
In fact, Dogecoin can even go all the way and reach the psychological price of 1$. This makes Dogecoin market capitalization around $132 billion, which is close to Ethereum’s market cap today. The reason would be of course that Twitter boasts more than 8 billion user active minutes on the platform. This would explain the high potential price of Dogecoin at 1$.
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Source: https://cryptoticker.io/en/will-dogecoin-payments-on-twitter-become-a-reality-elon-hints/