Home Graphic designer Elon Musk Back to Dogecoin (DOGE) Twitter Involvement?

Elon Musk Back to Dogecoin (DOGE) Twitter Involvement?

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No other celebrity has as big of an impact as Elon Musk on Dogecoin (DOGE), just from Twitter activity. This DOGE price immediately jumps whenever Musk mentions that memecoin is all about. In fact, much of Dogecoin’s popularity can be attributed to Elon Musk. After a period of continuous memecoin mentions last year, there has been a lull lately. DOGE price has been widely fluctuating around the $0.058 level lately.

Elon Musk and the Dogecoin project

Following the announcement that Elon Musk was set to take over Twitter for the first time in April, there was huge traction for DOGE. The news has many people wondering if Elon Musk would allow Dogecoin payments on Twitter. In a final, with Musk intending to buy Twitter at the initial offering price, the DOGE community was thrilled. However, there was no official indication from Musk or the Dogecoin team on DOGE payment plans.

On Friday, the CEO of Tesla had interacted with a designer of Dogecoin. He replied to a witty tweet from DogeDesigner, user interface and graphic designer at the Dogecoin Foundation. This is an interesting development given its renewed interest in acquiring Twitter and DOGE’s future prospects. Musk recently tweeted suggesting that buying Twitter would help his future plans to build a ‘all the app‘.

“The purchase of Twitter is an accelerator to create X, the application of everything.”

Sudden rise of DOGE

After the news broke that Musk was set to acquire Twitter at the initial offering price, there was a sudden spike in the DOGE price. There was an immediate price spike of over 8% after the announcement. At the time of writing, the DOGE price stands at $0.06233 1.19% in the last 24 hours, according to price-tracking platform CoinMarketCap. If the Twitter takeover deal materializes in the coming days, the DOGE price could skyrocket in no time.

The chain’s data shows that DOGE Whales transferred around 1 billion Dogecoins after talks began on the new deal on Twitter. Dogecoin has the distinction of being the largest memecoin and a 10 ranked cryptocurrency based on market capitalization.

Anvesh reports major developments regarding crypto adoption and trading opportunities. Associated with the industry since 2016, he is now a strong advocate for decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and contact him at [email protected]

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