What Happened to the Price of Dogecoin 6 Months After Elon Musk’s Twitter Takeover?
Elon Musk’s takeover of Twitter has fueled speculation that the social media platform will introduce cryptocurrency payments, including possibly for Dogecoin. Musk has made several changes to Twitter since taking over, including introducing subscriptions for creators and paid verification, as well as getting rid of legacy blue ticks. While the rally for Dogecoin was short-lived due to the FTX collapse impact, the memecoin has benefited from the takeover and may be well placed for further action in a better environment. Although Twitter is yet to make it official about introducing crypto payments, Musk has dropped hints in his tweets and Dogecoin is his preferred choice among cryptocurrencies. Overall crypto market conditions are yet to favor a full-blown DOGE bull run, but there have been major developments around the memecoin’s adoption and trading opportunities. For example, Binance has opened new liquidity pools including for Bitcoin and Dogecoin. However, readers are advised to do their own market research before investing in cryptocurrencies as the presented content may include the author’s personal opinion and is subject to market conditions.
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