Doge surges 13%+ after Elon Musk’s Twitter 2.0 announcement

Elon Musk announced a second version of the Twitter platform, where Twitter users will see several changes against the existing limitations on the platform.

Twitter is a popular social media platform, which doesn’t need an introduction. In October of this year, Elon Musk completed the Twitter purchase deal for $44 billion. Now Twitter is a private company and Elon is the core owner. To purchase Twitter as a private company, a few crypto & tech companies supported Musk through funding support. Binance exchange contributed a total of $500 million funds. The majority of the crypto proponents appreciate Elon’s Twitter acquisition deal because Elon aimed to make Twitter free from spammers & make it a free speech platform.

On 27 November, Elon Musk, CEO of Twitter, announced the ongoing discussion among the Twitter company to bring the next-generation of the Twitter platform.

In particular, he attached the images which explain how the Twitter platform grabbed significant growth after his acquisition and hinted that a new version of Twitter will allow users to write lengthy tweets.

The most important thing in Twitter 2.0 is payment services but it is still unconfirmed whether Twitter will bring fiat-based payment services or crypto payments.

Bitcoin Podcaster Stephan Livera responded and said that it will be fantastic if Twitter will also include the Bitcoin lightning network enabled payment system in Twitter.

After Musk’ Tweet, the price of Dogecoin surged by approximately 14% within a few hours but failed to remain stable and now the current price is $0.094, which is 21.5% high over the last 7 days of trade price value.

Doge surges 13%+ after Elon Musk's Twitter 2.0 announcement 1

Twitter CEO is a fan of Dogecoin and in the past through a US SEC filing, he revealed that his company believes that crypto assets may play a significant role in future payment systems, So the company may add crypto in the payment systems. So here it is expected that Twitter may add support for Bitcoin, Ethereum & Doge as a payment option in Twitter.

Read also: Better to regulate instead of fight against crypto, Says Binance Executive