8xbet Elon Musk's Twitter Update Fuels Dogecoin 30% Surge Amid Twitter Blue Backlash - BLOCKCHAINWEBBAG

Elon Musk’s Twitter Update Fuels Dogecoin 30% Surge Amid Twitter Blue Backlash

Related articles

  • Elon Musk’s Twitter homepage update results in a 30% spike in Dogecoin’s price.
  • Twitter Blue subscription service faces backlash as high-profile users refuse to pay verification fees.

Dogecoin (DOGE) witnessed a swift price surge of over 30% when Elon Musk’s Twitter homepage replaced the typical blue bird with the cryptocurrency’s distinctive Shiba Inu dog logo. Musk has often endorsed DOGE, arguing that it may provide better payment functionality than Bitcoin (BTC). In January, the Financial Times revealed Twitter’s plans to create a payment system. Musk, as CEO, pushed for the integration of cryptocurrencies alongside fiat currencies, a development that elevated DOGE’s value.

Fortune reporter Leo Schwartz perceives the logo change as an attempt to deflect attention from the contentious Twitter Blue subscription service. This new service, which enables users to obtain verified status by purchasing a blue tick, has supplanted the previous system that exclusively granted blue ticks to noteworthy accounts. Consequently, “legacy accounts” must now pay a monthly fee to retain their verification status. Nevertheless, the majority of renowned media companies, celebrities, and politicians have chosen not to pay this fee, presenting a considerable issue for the social media platform.

ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

Source link

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *