Breaking News
Investing Pro 0
Cyber Monday SALE: Up to 54% OFF InvestingPro+ CLAIM OFFER

Dogecoin (DOGE) Reaches 396 Million Users as Twitter Spam Cools Down

Cryptocurrency Nov 24, 2022 12:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Dogecoin (DOGE) Reaches 396 Million Users as Twitter Spam Cools Down
 
BTC/USD
+2.19%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
+3.85%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DOGE/USD
+1.70%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SHIB/USD
-0.32%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

As Elon ‘The Dogefather’ Musk continues the extreme makeover of Twitter, Dogecoin (DOGE) continues to enjoy the spotlight. Since Musk’s Twitter takeover on October 27th, 2022, the top dog memecoin’s market capitalization has doubled, going from $10.6bn to a whopping $21.77bn on November 1st, 2022. On top of that, DOGE now has 396 million users worldwide and is the largest Proof-Of-Work (PoW) cryptocurrency aside from Bitcoin (BTC).

Besides, the latest statistics revealed by Lunar Crush show that Twitter spam levels have significantly dropped since November 7th, 2022. The 50% decline in spam is rather unusual, as the level of internet junk had been “steadily increasing for years.”

.tweet-container,.twitter-tweet.twitter-tweet-rendered,blockquote.twitter-tweet{min-height:261px}.tweet-container{position:relative}blockquote.twitter-tweet{display:flex;max-width:550px;margin-top:10px;margin-bottom:10px}blockquote.twitter-tweet p{font:20px -apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Helvetica,Arial,sans-serif}.tweet-container div:first-child{ position:absolute!Important }.tweet-container div:last-child{ position:relative!Important }

When to Expect DOGE’s Integration into Twitter?

The revelation comes just a week after Twitter hit an all-time high usage, according to Chief Twit Elon Musk. The social mentions also helped DOGE to stay afloat in the harsh conditions of the prolonged crypto winter.

Furthermore, despite the Twitter Crypto wallet being put on hold during the mass layoffs, talks to develop it are now resuming. Musk confirmed this on Twitter Spaces, also adding “Dogecoin to the moooon!” and finally reassuring his loyalty to the canine coin with trademark wild dance moves.

Going into further detail on the Twitter Crypto Wallet, crypto enthusiasts tend to believe that OGE would be the default option for one-click payments. In such a case, Twitter users would be able to tip the creators in Dogecoin DOGE, as well as other popular cryptocurrencies. Musk himself recently revealed that he holds BTC and Ethereum (ETH), but his biggest bag of crypto is held in his cherished DOGE.

Ultimately, the question of when cannot be answered yet, but the recent developments in Twitter’s infrastructure suggest that the Twitter Crypto Wallet is definitely on the horizon.

On the Flipside

  • Despite doubling up on November 1st, 2022, Dogecoin’s market cap drastically shrunk due to the FTX disaster.
  • Because of the FTX fiasco, DOGE’s market cap is nearly back at the same level it was prior to the Twitter takeover.

Why You Should Care

Dogecoin’s integration into Twitter as the default payment method could break the ice for crypto adoption.

Find the latest memecoin news:

Shiba Inu (SHIB) Reveals Thanksgiving Gift in Partnership with Travala

Shiba Inu (SHIB) Main Developer Invited To Join The World Economic Forum

See original on DailyCoin

Dogecoin (DOGE) Reaches 396 Million Users as Twitter Spam Cools Down
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email