Elon Musk, the world’s richest man plus a business tycoon has recently helped push DOGE’s price even higher by sharing plans for Twitter 2.0.
The entire Dogecoin (DOGE) community was in shock as they saw the glimpse of the Twitter 2.0 platform shared by the billionaire.
Confirmation from Elon Musk
For almost a year, the entire Dogecoin community had hoped that Elon Musk would confirm whether he would integrate payments into Twitter or not.
However, the idea remained an idea as people thought Twitter will never be acquired by Elon Musk. The scenario changed in April 2022 when Elon Musk confirmed that he was interested to buy Twitter.
Towards the end of April 2022, Musk confirmed that he had initiated a bid from his end to purchase Twitter. However, things did not go in the right direction and the deal apparently fell through.
The CEO of Twitter and Elon Musk went against each other for months criticizing their approach on the matter. Turns out, Elon Musk finally prevailed as they purchased Twitter for over $44 billion.
Even before the acquisition of Twitter, Musk had made his intentions known about what he aimed to do with social media if he owned it.
People’s Anticipation after Twitter Acquisition
As Elon Musk acquired Twitter by the end of October, the entire crypto industry was excited, especially the DOGE community.
The proposal Musk had made was to integrate DOGE as a payment method into Twitter. Finally, on November 27, Elon Musk announced plans for their new Twitter 2.0.
He stated that Twitter will be operating as an “Everything App”, which would integrate DOGE as a payment method.
Right after Musk’s announcement, the trading price of DOGE spiked by 19.4%. After the spike, DOGE’s price rose to a high of $0.107.
Prior to the jump, the trading price of DOGE was at a low of $0.089. At the time of writing, however, the price of DOGE has corrected itself and it is currently hovering at $0.096.
Still, it is quite an improvement in the trading price and performance of the largest meme coin in the entire crypto-verse.
The Spikes may continue
Although the spike in the trading price of DOGE was short-lived, many expect that the spikes may keep coming back. DOGE’s price would increase whenever Elon Musk will share an update on Twitter 2.0.
Elon Musk is among the most influential people not only in the world but also on Twitter, with a following that is over 119 million.
As more positive data keeps coming from Elon Musk’s end, the trading price of DOGE may continue moving in a higher direction.
