Dogecoin Price 6 Months After Elon Musk Twitter Takeover

Also Read: Binance’s New Initiative On Polygon Aims to Woo US Customers Amid Regulatory Scrutiny

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Long before the Tesla CEO took over the social media platform, it was speculated that the company would initiate crypto based payments for various purposes, including for Twitter’s paid services. Musk introduced subscriptions for creators, paid verification and got rid of legacy blue ticks. More importantly, the list of changes is long and not yet over, as Twitter looks to enable encrypted direct messages and payments. All of the above have scope for money transfer and hence, leave potential for crypto payments, especially stablecoins and memecoins.

Dogecoin In The Mix Of Things For Elon Musk’s Twitter

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Although the company is yet to make it official about introducing crypto payments, more specifically Dogecoin payments, Musk had unofficially dropped hints in his tweets. In fact, Musk ‘liked’ a tweet from a user that talked about the possibility of crypto based payments on the platform. Above all, Dogecoin enjoys the privilege of being the billionaire’s preferred choice among cryptocurrencies.

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However, overall Crypto Market conditions are yet to favor a full blown DOGE bull run after it hit the peak in November 2022 after change of guard at Twitter. Meanwhile, much has been happening around overall adoption for the memecoin. Earlier, CoinGape reported that Binance opened new liquidity pools including for Bitcoin and Dogecoin.

Also Read: Gemini CEO Accuses US Regulators of Double Standards Amid FRC Crisis

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