Crypto News- Dogecoin, the beloved dog-themed meme cryptocurrency, has surged by a whopping 10% within the past day, triumphantly reclaiming the $0.20 milestone for the first time since December 2021.
Dogecoin Surges: Exceeds 0.20 Dollars, Reaching Heights Last Seen in 2021
Currently standing at $0.2038, this surge marks a remarkable 10.8% increase within a single day, and an impressive 34.6% surge over the week, as reported by CoinGecko. The last time Dogecoin grazed the $0.20 mark was back on December 4, 2021, as recorded by crypto price trackers. Yet, it still pales in comparison to its glorious all-time high of $0.73, achieved in May of that very year during the peak of the crypto frenzy.
Interestingly, this surge coincides with a peculiar incident involving Twitter’s AI chatbot Grok, which sparked rumors of Dogecoin payments on the platform. While it turned out to be a mere glitch—a hallucination of sorts from the AI—rumors still swirled. Dogecoin developer Mishaboar even chimed in, speculating that Twitter might integrate crypto payments “much earlier” than expected, possibly as soon as next year, leveraging existing support from payment giants like PayPal.
Elon Musk’s Twitter Payment Puzzle: Dogecoin’s Role in the ‘X’ Saga
The cryptic dance between Dogecoin and Twitter isn’t entirely new. Elon Musk, Twitter’s owner and chairman, has long teased the idea of integrating payment features into the platform, even rebranding it as ‘X’ and launching @XPayments. Despite his affinity for Dogecoin, Musk hasn’t confirmed its role in the payment saga, leaving enthusiasts hanging in suspense.
Reports suggest Musk’s vision for Twitter’s payment service leans towards fiat currency, with crypto as a potential addition down the line. However, nothing concrete has surfaced yet, leaving the crypto community eagerly awaiting Musk’s next move.
In the realm of possibilities, Dogecoin could find its place not only as a meme coin but also as a pioneer in social media payments. As Musk continues to toy with ideas, the fate of Dogecoin’s integration into Twitter’s ecosystem remains uncertain but tantalizingly close.
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