Cryptocurrency
Elon Musk Tweet, Twitter Verification Payment Statement, Triggers Dogecoin Bullish Run
Dogecoin Continues Bullish Run After Elon Musk Twitter Verification Statemen and Haloween tweet has emerged and can be accessed below.
BrandNewsDay understands that after Musk took full possession of Twitter; fired top executives on the popular social media platform, he proposed Twitter Verification Payment for users with badges.
According to a report, Twitter to start charging verified users $19.99 per month for the blue check mark verifying the authenticity of an account, The Verge is reporting. The blue “verified” badge on Twitter lets people know that an account of public interest is authentic. To qualify, accounts must be “notable, authentic and active.”
This online platform has reported that Musk has taken possession of Twitter with $44 Billion after the erstwhile executives of the company threatened the richest man in a lawsuit deal.
As you would expect, there’s a crypto element to all of this as well. Musk has repeatedly tweeted about his enthusiasm for Bitcoin and Dogecoin. Earlier this year, he openly mused about whether DOGE should be accepted as a payment method for the Twitter Blue subscription service.
DOGE has rallied hard in reaction to Musk’s acquisition being finalized — up 41% in the past seven days. Binance — the crypto exchange that owns CoinMarketCap — has also confirmed that it’s invested in Elon Musk’s Twitter takeover.
Co-founder CZ said: “We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology.”
Meanwhile, Dogecoin has continued to rally higher as several investors are opting to purchase more of the meme coin after Musk tweeted a Haloween image of dogecoin.
— Elon Musk (@elonmusk) November 1, 2022
After the tweet, Dogecoin gained around 26 per cent. The meme token was trading at $ 0.12 at 9:46 AM on Tuesday, just before Musk’s tweet. The token gained 25.90 per cent and peaked at $0.147 at 11:55 AM.
Crypto enthusiasts are taking it as a sign of integration of Dogecoin with the Twitter ecosystem.
