Dogecoin integration on Twitter nearby? Notes of musk drops

The enigmatic world of Elon Musk’s tweets has the Dogecoin and crypto community abuzz with speculation once again. In a recent cryptic post, the tech billionaire revealed an ambitious transformation for Twitter, now rebranded as ‘X’. But hidden in the mystique, tantalizing clues suggest that the beloved memecoin, Dogecoin, may soon find a home on this platform.

“Twitter was acquired by X Corp both to secure free speech and as an accelerator for X, the Universal App. It’s not just about rebranding itself, it’s about doing the same thing,” Musk said. Tweeter unveiled the grand vision behind Twitter’s rebirth. He pointed out that the platform would become much more than a microblogging site, and instead it would become a comprehensive communication platform with the ability to revolutionize users’ financial transactions.

“In the coming months, we’ll be adding full communications and the ability to manage your entire financial world,” Musk revealed, indicating X’s intended role as a financial powerhouse. With this revelation, the Twitter name and its iconic bird logo had to be dropped, as they no longer resonated with the new financial identity.

Dogecoin X Twitter

Musk’s clever pun left the crypto community with a question: Could Twitter’s transformation into an “X” pave the way for Dogecoin integration? The answer, it seems, lies in Musk’s subtle nods to the beloved memecoin.

After the rebranding, Musk changed his Twitter location to “𝕏Д, sparking speculation. The “𝕏” clearly represents the new “X” mark, while the “Д stands for the iconic Dogecoin symbol. A sneaky nod to the community, or a deliberate hint?

Additionally, in a playful exchange with one of his engineers, Musk recalled a time when Twitter briefly rebranded itself as Shiba Inu dog, in reference to Dogecoin’s mascot. Musk responded to Jonah Katz who said, “Twitter might rename himself to donkey and I’ll keep scrolling for 6 hours a day.” His boss Musk responded with a laughing smiley face and added, “We changed our name to a Shiba Inu dog for a while. No impact.”

Although Musk hasn’t provided a timeline for the rollout of Financial Services X, his track record of bold and innovative decisions makes it clear that he aims to lead the way in shaping the future of finance and communications: Dogecoin, Bitcoin, and crypto seem like an option.

As the community eagerly analyzed each tweet, Raoul Pal chimed in with his own insights. In a July 25 Tweeter, he speculated that Musk could use Dogecoin for global payments on the platform, suggesting the eccentric billionaire’s penchant for the meme coin. Pal said, “He’ll be using crypto so he can make global payments for creators etc. I’m guessing he’s using Doge.”

Additionally, Pal speculated that Musk’s potential choice of Dogecoin rather than creating a platform-specific token could be strategic. He suggested that DOGE could help circumvent securities laws and mitigate enforcement risks.

With Twitter’s rebranding to X, we can’t help but wonder if the stage is being set for Dogecoin’s grand entrance. Could this be the moment the Dogecoin community has been waiting for since the acquisition in November 2022?

At press time, the price of Dogecoin defied the overall market trend by rising 8% in the past 24 hours. DOGE price broke out of an ascending triangle formation but has now found its first resistance at the 23.6% Fibonacci retracement level at $0.0784. Overcoming this resistance is crucial to confirm the trend reversal.

Dogecoin price
DOGE price breaks out, 1-day chart | Source: DOGEUSD on TradingView.com

Featured image from Chain Debrief, chart from TradingView.com

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