Dogecoin investors continue to hold out hope that, somehow, DOGE will make its way into Musk’s vision for Twitter 2.0.
Popular billionaire businessman Elon Musk has shared insights into his plans for what he calls Twitter 2.0. Otherwise known as “The Everything App,” the upgrade will bring about the integration of payments into the popular social media platform.
Elon Musk Shares Vision for Twitter 2.0
The new Twitter CEO, Musk, took to the platform on November 27, to share details about the payments integration. Furthermore, he also spoke on some of the other features that Twitter users should expect from the upcoming upgrade.
According to the businessman, Twitter 2.0 will feature “Encrypted DMs,” “Video,” “Relaunch Blue Verified,” “Advertising as Entertainment,” and “Longform Tweets.”
Meanwhile, it is worth noting that Twitter is already doing some good numbers since Musk took over the reins at the firm. As indicated by data presented in his tweets, “new user signups” and “user active minutes” have both reached new all-time highs — 86% and 30% respectively over the last 7 days. Those values, however, are in comparison with values within the same seven-day period in 2021.
Dogecoin (DOGE) Soars Over 13%
Even though Musk did not specifically mention DOGE in his several slides, some investors already appear to be in high spirits about the meme-inspired cryptocurrency. Dogecoin’s (DOGE) price initially surged over 13.9% from $0.093 to $0.106 for several hours following the tweet. However, the surge would be short-lived and has now corrected back to $0.094 on CoinMarketCap as of publication.
Meanwhile, it is also worth mentioning that this is not the first time that DOGE would be reacting to news about Twitter’s payment integration. Back in October, reports spread like wildfire that the company had begun building a wallet prototype. At the time, DOGE also saw a 40% rise.
But despite being potentially linked to Twitter’s upcoming payment system, several criticisms have also emerged against Dogecoin. Many critics believe that many alternative blockchain solutions would do a lot better than it. Particularly, in terms of privacy, security, scaling, as well as smart contracts.
Nonetheless, Dogecoin investors continue to hold out hope that, somehow, DOGE will make its way into Musk’s vision for Twitter 2.0.
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