The Dogecoin price has jumped by 8% today, rising to $0.092839 after reports yesterday that Twitter owner Elon Musk is determined to move ahead with integrating payments into the social network. DOGE is now up by 11% in a fortnight and by 32% following the news, with the market expecting that the meme token will be one of the chief beneficiaries of Twitter’s crypto play.
The market has long expected that Twitter will one day see dogecoin payments, and if this expectation is realized, there’s no doubt that DOGE will rally massively as a result. However, the latest reports make no explicit mention of dogecoin itself, and with Twitter also reportedly working on its own digital currency, there’s no guarantee that the social network will embrace DOGE.
Dogecoin Price Prediction as Elon Musk Reveals He is Considering Crypto Payments for Twitter – Can DOGE Hit $1?
DOGE’s chart makes it clear that the altcoin is enjoying a breakout rally right now, with its relative strength index (purple) rising to 70 as a…