Elon Musk hints again at Dogecoin payments on Twitter

The world’s biggest Dogecoin influencer, Elon Musk, is hinting again at accepting the meme token on his newly acquired social media platform, Twitter.

Since taking over Twitter and shaking up the executive tree over the past week, Elon Musk has been extremely active on the platform.

On November 2, the owner of billionaire Tesla, who has changed his handle to “Twitter complaint hotline operator,” tweeted about internal masochism.

Stoxx’s Reddit trading account replied whether it was working on a Dogecoin payment solution for the platform.

Musk responded with the image of “eyes” that he might be looking at.

crypto twitter explosion

Naturally, cryptocurrency Twitter erupted with speculation over the latest Dogecoin integration information from Musk.

Investor Luke Martin Told To his 320,000 followers that this was the first official mention:

“Wow. Is this @elonmusk’s first official $DOGE Twitter integration tweet since he took office? He’ll absolutely get ripped off if he does.”

Also, the crypto sleuth “croissant” did something digging Among Musk’s possible motivations and plans for the platform. His vision was a blockchain social media system that does both payments and short text messaging.

Earlier this year, documents detail a conversation between Musk and Sam Banksman-Fried over a possible roadmap for Twitter. He also mentioned Dogecoin:

“My Plan B is a blockchain-based version of Twitter, where “tweets” are embedded in transactions as comments. So you will probably pay 0.1 Doge per comment or repost of that comment.”

Musk also has grand visions of a “super app” called X (he owns x.com) that does everything. It will offer decentralized social media, micro-payments, gaming, food delivery, ride-sharing and shopping. It will be similar to China’s WeChat with many features including messaging and financial payments.

Musk’s overarching concept calls for a decentralized digital asset. It’s not the first time he’s had Tickling Doge, and it certainly won’t be the last.

dogecoin price update

Naturally, the Dogecoin price has been on fire recently. The meme token has gained a whopping 120% over the past week while bitcoin has only achieved single-figure gains.

At the time of writing, DOGE is currently trading at $0.138, down 5.3%. It has been one of the best performing crypto assets during the recent relief rally.

However, Dogecoin is still 81% down from its May 2021 all-time high of $0.731 – a pump inspired by Elon Musk at the time.


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