Elon Musk Promises To Monetize Twitter User Content Soon, Dogecoin To Pump?
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.
We’re working on it
— Elon Musk (@elonmusk) February 18, 2023
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.
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
- Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges 60% Amid Shutdown
- Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia
- Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash
- BSC Meme Season Ends as PumpFun Surpasses Four Meme Amid $8M Inflows
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
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.
