Elon Musk’s father, aka Dogecoin (DOGE), has made headlines again. Reports revealed that Elon acquired a 9.2% stake in Twitter Inc. has bought. He is now the largest stakeholder in the social media giant. Meanwhile, DOGE 24 trading volume is up 200% in response to this news.
Does Twitter accept DOGE?
Everyone knows how much Elon is advocating for the world’s largest meme cryptocurrency. He never forgets to mention DOGE somewhere. Wherever he goes, he tries to get Dogecoin involved. Even Tesla started accepting the coin for their products and service like Supercharger Station. He has also given some hints that Starlink will accept Dogecoin in the future.
He is now the largest shareholder of Twitter. Crypto enthusiasts believe that now that day is not far away that this social media giant will also integrate Dogecoin with it. Wu blockchain recalled that Musk has tweeted many times about improving the social media space. Although it also added that he has said that he will support the application of Dogecoin on social media.
Earlier, Twitter launched its new tipping feature for users integrated with Bitcoin and Ethereum. Now all eyes would be on the social media platform to accept DOGE as a tip payment.
Recently, Elon de Brett Winton, the research director of Ark Invest, replied with a Dogecoin video, writing “this video explains everything.”
Dogecoin’s price rises by 8%
In response to the news, Twitter’s stock prices rose about 25%. The richest man in the world bought 73,486,938 shares of the company.
Meanwhile, Dogecoin prices have also seen an increase of more than 8% since the news broke. The coin’s 24-hour volume of $2,039,878,355 saw a jump of more than 200%. The token is trading at an average price of $0.1529 at press time. According to CoinMarketCap, DOGE is the 12th largest cryptocurrency with a total market cap of approximately $20 billion.
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About the author
Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he plays video games, watches a thriller or participates in outdoor sports. Reach me at [email protected]
This post Dogecoin (DOGE) 24 Hours Trading Volume Shoots Up 200%; This is why
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