Elon Musk Promises To Monetize Twitter User Content Soon, Dogecoin To Pump?

Varinder Singh
February 18, 2023
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Elon Musk made several changes related to Twitter that he promised after taking over the social media giant last year. Twitter CEO Elon Musk also confirmed earlier that creators will be able to monetize content on Twitter. Dogecoin had a splendid rally then.

A Twitter user on Saturday said his tweet impressions exceeded 1 million for the first time, but the problem is that he doesn’t know how to monetize it. The tweet impressions reached 1.37 million, up 102.8%.

“I know most y’all do this all the time but this my first time crossing a million. now the question is how do i turn this into dollars.”

Dogecoin founder Billy Markus “Shibetoshi Nakamoto” replied to let him also know if he figures out a method for turning tweets into money.

Elon Musk replied that the team is working to help Twitter users monetize their content. Musk’s reply sparked conversations on the topic, with several users attempting to help suggest different indirect ways to monetize. The user replied that he can also accept Dogecoin, if not fiat.

Interestingly, developer Nima Owji revealed that Twitter is still advancing the development of the virtual asset “Coins”. The Twitter developer version has updated the function and usage announcement of Coins. A label on Twitter shows the amount of Twitter Coins that a tweet has received!

Dogecoin’s graphics designer DogeDesigner said the amount of ‘Twitter Coins’ received is likely to be displayed on every tweet. However, Elon Musk didn’t comment on it.

On February 3, Elon Musk announced that the company will start sharing advertising revenue with creators as Twitter moves towards “creator economy.” However, users must be signed up for Twitter Blue, which starts at $8 a month.

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Dogecoin Price Fails to React to Elon Musk

Dogecoin price failed to react to Elon Musk’s tweet. The DOGE price is currently trading at $0.08715, up 1% after a significant rally in the last few days.

The 24-hour low and high are $0.08639 and $0.08847, respectively. Furthermore, the trading volume has decreased by 50% in the last 24 hours, indicating a decline in interest.

Also Read: Ark Invest CEO Cathie Wood’s Next Strategy On Bitcoin, Tesla And AI

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.