Elon Musk

Dogecoin Hodlers Profit as Hopes for Twitter Integration Rise

As Elon Musk is reforming Twitter, Dogecoin fans hope he might integrate the beloved crypto into the platform

Dogecoin Twitter

Dogecoin Hodlers Profit as Hopes for Twitter Integration Rise. Source: unsplash.com

DOGE price has rallied almost 100% since Elon Musk acquired Twitter, surging to the eighth position in global crypto rankings. It is estimated that 62% of Dogecoin (DOGE) investors gain significant profits as speculations are the billionaire nicknamed “The Dogefather” may integrate Twitter with the meme token. 

At the point of writing, DOGE’s price has surged 102% within the last 7 days to $0.12 according to CoinGecko. As estimated by the blockchain intelligence platform IntoTheBlock, around 62% of DOGE holders are “making money at the current price.” That means, holding the meme token beats out Bitcoin and Ether, where 54% and 57% of hodlers currently profit, respectively.

Furthermore, DOGE’s current $16.3 billion market cap surpassed popular smart contract platforms Cardano (ADA) and Solana. At present, DOGE ranks as the 8th largest cryptocurrency in the world. 

Although Musk has not announced any plans of adding DOGE payments functionality to the newly-acquired platform, many crypto enthusiasts expect some integration. Not only did the billionaire previously express his vocal support for the cryptocurrency, but Tesla also began accepting DOGE as a payment method this year. 

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Nina Bobro

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https://payspacemagazine.com/

Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.