4 months ago 2 min read

As Twitter Usage Reaches an All-Time High, Dogecoin (DOGE) Seeks Greater Utility


Elon Musk, the newly appointed head of Twitter, appears to have carried out the Twitter Purge by barring all remaining employees from entering their workplaces until further notice. The action follows Elon Musk's ultimatum on Thursday, which now provides the current employees of the microblogging platforms two choices: either they quit their jobs outright or give in to "extended hours at high intensity."

Elon "The Dogefather" Musk's dramatic action undoubtedly drew a lot of criticism from the Twitter community. Ironically, that caused Twitter usage to reach previously unheard-of heights, and the richest guy in the world used the occasion to boast about it, only to be immediately followed by a barrage of memes.

Dogecoin (DOGE): Will It Become The Twitter Currency?

Elon Musk further clarified the ongoing FTX crypto exchange crisis by saying:

Elon Musk had to put his plan for a Twitter crypto wallet on hold, meanwhile, due to the FTX epidemic and significant layoffs at his workplace.

The social mentions of $DOGE on Twitter are currently increasing to levels last seen in 2021 as discussions about the Dogecoin (DOGE) integrated Twitter Crypto wallet slowly resume. This is also partly attributable to the DOGE development team, who were working on a Chrome browser plugin called "MyDoge Wallet."

Crypto aficionados and DOGE Army members could directly tip any website with the use of the add-on.

According to CoinGecko's data, the eighth-ranked top meme coin DOGE is currently trading at $0.085647, up 2.5% over the previous day. While DOGE has had a difficult two weeks, with 30% of its value in the red, the token still enjoys a strong 42.9% monthly gain as a result of Elon Musk's takeover of Twitter.

In addition, cryptocurrency aficionados are already congregating in Australia for the DOGEathon Hackathon, where it is simple to purchase coffee with DOGE. With a sizable community and highly skilled engineers willing to contribute, DOGE has a promising future, especially if Elon Musk's ambition to use DOGE to challenge the global financial system materializes.

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