May 19, 2024

Will Elon Musk support Dogecoin on Twitter’s new ‘X’ adventure?

Will Elon Musk support Dogecoin on Twitter's new 'X' adventure? Dogecoin symbol already remove from 'X' account

Will Elon Musk support Dogecoin on Twitter's new 'X' adventure?

Elon Musk, the billionaire CEO of Tesla, has made some moves that could significantly impact the prices of major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin.

Elon Musk has been rebranding his Twitter account to “X,” as part of a plan to transform the platform into an all-in-one super app. This has sparked speculation that Musk might somehow incorporate Dogecoin into his plans, causing the price of Dogecoin to surge again. Some predict that Musk might develop payment networks on his platform that could compete with major cryptocurrencies like Ethereum and Bitcoin.

In the midst of all these changes, Musk had briefly added the Dogecoin Ð symbol to his Twitter account, engaging with Dogecoin fan accounts. This has led many to speculate that he might incorporate cryptocurrency payments into his all-encompassing app, which could be a game-changer for the crypto community.

While there are speculations about Musk’s plans, some experts believe he might include other cryptocurrencies like Bitcoin and Ethereum, along with stablecoins like USDC, on his platform. However, they also note that Dogecoin is closely tied to Musk’s online presence, so it is highly likely that he will include Dogecoin if he launches a crypto payment system on Twitter.

Note that Elon Musk has been accused of insider trading in a proposed class action lawsuit by investors. They say the Tesla CEO manipulated the cryptocurrency Dogecoin, costing them billions of dollars. You can expect a similar lawsuit in the nearby future you’d think.