Did Dogecoin Price Spike Over “Twitter Coin” Tip?

Dogecoin (DOGE), the world’s largest meme cryptocurrency price just spiked suddenly amid the ongoing rumors of Twitter launching a “Twitter Coin”. However, as soon as Elon Musk took over the social media company, it was expected that his favorite meme crypto will be integrated in one way or another.

Dogecoin Price to soar ahead?

As per data, Dogecoin price jumped by over 6% in reaction to the rumored “Twitter Coin”. However, its price is up by 13% over the past 7 days. At 2:10 PM (IST) DOGE was trading at an average price of $0.104. However, its price spiked to trade at $0.1106 at 2:20 PM (IST).

Dogecoin is trading at an average price of $0.107, at the press time. Its 24 hour trading volume is up by 16% to stand at $923 million.

Coingape reported that Twitter is developing a monetization tool. Application researchers Jane Manchun Wong and Nima Owji tweaked the “Coins” and the hidden section “Tip”. This a big news regarding Elon Musk’s favorite crypto Dogecoin as always brings it up for implementation.

A good time for Doge holders?

However, it is still unclear whether the social media giant will opt for Dogecoin or another crypto as tips. Jane Manchun Wong also mentioned that there is no indication in the code which directs that it is related to the DOGE.

Earlier, Billy Markus, Dogecoin creator shared his issues over banned accounts tweeting about memes. To this Elon Musk replied that its team was a bit too intense over the spam suspensions. However, they are now moving to chill mode.

However, the Open AI bot ChatGPT has praised Dogecoin and said that it is a force to reckon with. It mentioned that DOGE is a “valuable” and “legitimate” asset.