Elon Musk becomes largest Twitter shareholder, will this help DOGE to reach on moon- The Coin Leaks

Elon Musk becomes the largest Twitter shareholder, will this help DOGE to reach on Moon?

The Coin Leaks News:Twitter (NYSE:TWTR) shares rose as high as 30% premarket trade following Elon Musk’s 9.2% recent holding in the US social media giant. This prompted discussions about whether the price for billionaires’ favorite cryptocurrency, Dogecoin, (DOGE), will rise as a result.

The announcement that Tesla CEO Elon Musk would be Twitter’s largest shareholder (NASDAQ: TSLA), sent the meme currency soaring to 8.36%. According to CoinMarketCap statistics, it traded at $0.153 and 2.89% the week before.

Dogecoin’s market cap jumped by more than $1.5 billion in just one hour, as its price rose from $0.1431 up to $0.155.

Musk’s support of DOGE

Elon Musk has repeatedly expressed his admiration of the original meme coin, from bizarre endorsements to integrating DOGE in payments for Tesla’s merch.

Many speculated that he might make Dogecoin-centric development on Twitter after his investment in the company.

Tim Pool, journalist and crypto advocate, stated:

Musk had previously used the platform to survey his 80 million followers on March 25 to find out if they believed Twitter adhered to the principle of “free speech essential to a functioning democracies”.

Musk also stated that any social network that he joins would include a digital tip-jar that would support Dogecoin, a meme-inspired cryptocurrency.

Twitter tipping jar

It is worth mentioning that the cryptocurrency world was thrilled when Twitter activated the tipping jar function. Ethereum (ETH) is the latest member to join Bitcoin (BTC).
Dogecoin’s community has responded to this by flooding Twitter with petitions, hashtags, and requests for DOGE to be added to the list.

Billy Markus, co-founder of Dogecoin, joined the party. More than 8,000 people signed a petition entitled “Add Dogecoin wallet support to Tipping feature on Twitter.”

Change.org petition on Dogecoin- The Coin Leaks

Dogecoin supporters, who hope that the upward trend will continue, would welcome the latest news.

Crypto trading specialist Ali Martinez stated that Dogecoin could rise to $0.21 “without hesitation”, even before recent Musk news.

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