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Dogecoin on Twitter? Elon Musk hints at the possibility and raises the price by 20%.




In a sideways market, with bitcoin within the $16,000 range for the second week in a row, Dogecoin (DOGE) saw a notable rise that reached 44%. While Dogecoin stands out, it is accompanied by rises of 24% in Chainlink and 23% in Apecoin (APE).

DOGE, the cryptocurrency meme, had an increase of 21% on Sunday alonetraded above US$0.1. This is the highest price in over 3 weeks, driven by a possible inclusion in Elon Musk’s Twitter 2.0.

The tycoon, who published a on Twitter in which he showed slides about the “new Twitter.” The last image in the list features a section on payments, although it is not specified what kind of method Musk is contemplating for inclusion in the social network.

This suggested that DOGE could be considered Twitter’s new payment currency.according to some users. Bitcoin was also one of the currencies mentioned in the comment box. Musk did not confirm or deny anything, but it was enough for the market to react.

The so-called “Elon Musk effect” seems to continue to influence the “dog cryptocurrency.” In early November, CryptoNews reported How, with Musk’s purchase of Twitter, DOGE’s price doubled in less than a week..

Price of dogecoin at the time of Tusk's comment on Twitter
After Sunday’s rise, the price retreated 15 percent to return above $0.094. Source: TradingView.

Along with DOGE, APE traded above $0.013 and LINK above $7.29. Both currencies touched nearly three-week highs..

In the case of EPA, the launch of a new Marketplace of its NFTs, in collaboration with a new development company, Snag Solutions, seems to be the reason that drove the price of “boring monkeys.”

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LINK, for its part, is driven by community interest in the project. Or, at least, that is what social media search spikes for Chainlink suggest. Lunar Crush, a platform that tracks cryptocurrency activity on social networks, registered who LINK experienced a 500% increase in mentions on Twitter.. However, after reaching a two-week high, LINK suffered a 10% pullback above $6.8.


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