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Elon Musk Twitter Action Sparks Huge Dogecoin Frenzy

Elon Musk’s actions will become one of the biggest moments in the crypto space. It also increases the likelihood of Twitter integrating $DOGE and other crypto assets as a payment option.

Dogecoin as a Payment Option on Twitter? 

Arguably the talk of the crypto space on April 3 was Elon Musk’s decision to replace the Twitter logo with that of Dogecoin. With the controversial action, the billionaire CEO and Twitter owner caused an immediate bullish run in the crypto space. 

Dogecoin became the most-talked-about cryptocurrency on the top social platform while shaking the market. Moments after Elon’s action to change the Twitter logo, $DOGE’s price increased significantly by almost 30% from approximately $0.07 to $0.09, according to Coingecko. Further, the influential figure tweeted about the currency, adding more fuel to the massive pump. 

Elon Musk is a strong supporter of the dog-themed memecoin, including Bitcoin and Ethereum. Many had speculated that Twitter would eventually accept crypto payments, particularly when Elon acquired the platform. The recent activity is enough indication that we may soon see Twitter integrate $DOGE payments shortly. 

$DOGE payments or not, Elon Musk has certainly raised millionaires with his actions. Throwback to his statement in 2021, “Dogecoin is the People’s cryptocurrency.” 

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