Elon Musk has once again sent out strong signals of Dogecoin (DOGE) getting available on the Twitter network. Elon Musk recently tweeted a picture of a Shiba Inu dog wearing a Twitter t-shirt. This supports the persistent rumors that he would soon add DOGE payments to his recently bought social media business.
Elon Musk has been a fervent backer of Dogecoin for the past few years, and he thinks Dogecoin is better as a daily cryptocurrency payment option than Bitcoin.
Several rallies have taken place in the past due to Musk’s backing for Dogecoin. With the recent tweet, the price of DOGE rose again, this time by 15% in a matter of minutes. Market observers and crypto enthusiasts anticipate that Twitter could soon accept DOGE payments as a result of Elon Musk’s acquisition of the micro-blogging site.
Musk should have mentioned his preferred meme coin, DOGE, in public for a long time before the Twitter acquisition. The tweet has had enough effect of driving down the price of DOGE once more. DOGE now has a market worth of almost 18 billion dollars and is currently up 15.71% at $0.146.
Many crypto industry leaders like Charles Hoskinson, the founder of Cardano, opine that if Musk incorporates Doge into Twitter, Dogecoin will immediately have 200 million subscribers and a massive use case.