“We Will Keep The Hope Alive,” DOGE Holders Show Enthusiasm After Elon Musk’s Twitter Coin Revelation

“We Will Keep The Hope Alive,” DOGE Holders Show Enthusiasm After Elon Musk’s Twitter Coin Revelation
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Twitter managing director elon musk reportedly told developers to do twitter corner fiat-based but build it in a way that can integrate crypto features in the future.

The aftermath of the report saw Dogecoin (DOGE) recording gains in the market, rising 6.7% in 24 hours, signalling strong links between the asset and Musk. The doge price rose from $0.08 to $0.09 in the hours that other higher assets, including Bitcoin and Ethereum, took a nosedive.

Despite the perceived reversal of the twitter coin not being a cryptocurrency, the Doge community still shows a high level of enthusiasm, as shown by several tweets. Doge owners speculated about the use of their prized asset for payments to the social media giant following the takeover of Musk in October.

Musk was a strong voice for doge, causing several increases in asset prices, including its all-time record just prior to its live appearance on Saturday night in 2021. With plans for the launch of Twitter 2.0, which will include monetizing the application allowing users to send chips to other users in the form of "prizes." 

In addition, Twitter has registered as "Twitter Payments LLC" with the United States Department of the Treasury, enabling it to operate as a payment processing platform. Musk reiterated its desire in Twitter spaces to link bank debit cards to user profiles to facilitate inter-user transfers. 

Fiat can’t stop DOGE

At the start of the year, commentators were of the opinion that the progress of DOGE would be heavily linked to its incorporation on Twitter, but this seems to be changing as the asset records several gains. After the loss of part of the company's market capitalization in 2022, Doge has jumped 31.47% in the last 30 days while maintaining its position in the "green zone" over the past few weeks. 

The market expects the Fed to raise interest rates, the best digital assets and the stock market have plummeted over the past 24 hours. The market leader, Bitcoin (BTC), dropped 4.7%, while ethereum and solana are down 6% and 10%, respectively. Despite this and the fact that the twitter part will be focused on the fiat, doge continues to run smoothly this year.