One of the most popular crypto currency influencers, David Gokhshtein tweeted that the cryptocurrency community will see a huge collaboration between Elon Musk and Ethereum’s Vitalik Buterin just to upgrade Dogecoin.
If this happens, the chance of using Dogecoin on Twitter will increase significantly.
Dogecoin Can be the Next Bitcoin
According to him, the duo has selected Dogecoin for upgrading it, and it will increase the utility of Dogecoin.
meaning the name tag, “meme coin,” will change to “utility coin,” just like other popular crypto coins, and also increase the market capitalization of the DogeCoin.
Elon Musk started out with a joke, but it seems that things are getting interesting as Elon Musk wanted to add some utility to the coin, which started with a joke.
And right now Elon is trying to upgrade Twitter, and adding Dogecoin will significantly increase the value of Twitter and Dogecoin as well.
Elon Musk and Buterin’s Dogecoin Contribution.
As reported by TheCryptoBasic, Ethereum co-founder Buterin donated 20 million DOGE, worth $1.7 million, on November 14th to the Dogecoin Foundation,
and in May Buterin again donated 500 ETH, worth 1 million dollars, while donating time to support the Dogecoin community.
Gokhshtein believes that donating a huge sum of money means something big is coming, which will help Dogecoin upgrade to the next level by adding some utility.
As Buterin is an advisor to the Dogecoin organization, it can be said that something big is going on.
On the other hand, Elon Musk has been seen many times tweeting about the doge coin, which helps the coin’s value and market capitalization increase.
Aside from Tesla and SpaceX, Elon Musk is quite interested in accepting a Dogecoin on Twitter, which can be seen by his recent post, i.e., a dog wearing a Twitter shirt. This itself is a sign that Elon is interested in Doge, and there are also rumours that Elon is one of the biggest whales for Dogecoin.
Why Dogecoin on Twitter?
As we all know how massive Twitter is, it can be assumed that per hour millions of transactions will take place, so other than Dogecoin, there is no other coin that can fulfil this.
There may be a question: why is Shiba Inu not used? The main reason for not using Shiba Inu is due to massive coin circulation, which is itself a big problem.
In some podcast or interview, Elon Musk himself stated that Dogecoin is far more dominant compared to other coins, so there is a high chance that Twitter will surely use Dogecoin, which will skyrocket Dogecoin’s value and market capitalization.
Dogecoin will skyrocket.
After the Tweet dog with a Twitter shirt, many started believing that Elon will use DogeCoin for Twitter.
The price of DogeCoin is skyrocketing, but recently due to the downfall of FTX 2nd largest exchange, the value of Dogecoin has been affected as of now.
If the rumours become true, there is no stopping Dogecoin from reaching a new price which will be greater than the all-time high value of Coin.
Still, there is a chance that this can be a joke, as the coin itself is a meme coin. However, seeing the love for DogeCoin by Elon, this can be possible, and it will be a game changer for the Dogecoin community.
What is DogeCoin?
Dogecoin is created as a joke, which is why it is a meme coin.
It was not popular until Elon started showing interest in Dogecoin by posting tweets about it, which helped the coin reach a high value with a large market capitalization. Dogecoin is the 1st Crypto meme coin of its kind.
FAQs About DogeCoin
Ques -1 Will Doge rise if Elon buys twitter?
If the rumors are true Twitter is using DogeCoin as an official currency then DogeCoin will surely skyrocket and if it just a joke created by Elon then it will fall again.
Ques -2 What was Elon Musk Dogecoin Tweet?
Recently a tweet is surfacing i.e Dog with a Twitter Shirt and this can be hint that DogeCoin will be using as an official Currency coin for Twitter.
Ques -3 Should I hold Dogecoin?
If the rumors about DogeCoin i.e. Elon & Vitalik joining hand to upgrade Dogecoin then it can be a great News and holding Doge Coin will surely Give you a huge return.
Ques -4 What is Elon Musk doing with Dogecoin?
As we all know Elon love DogeCoin so he is always trying to put up a stage where DogeCoin can grow and the stage can be Twitter which is a big thing.