Dogecoin Skyrockets 30% Amid Twitter Homepage Update and Twitter Blue Controversy

Elon Musk’s recent Twitter activity caused a rapid 30% increase in the value of Dogecoin (DOGE). The Tesla CEO’s Twitter homepage showcased the cryptocurrency‘s emblematic Shiba Inu dog logo, replacing the platform’s customary blue bird. Musk has been a vocal supporter of DOGE, claiming it could offer superior payment functionality compared to Bitcoin.

In January, Twitter’s development of a payment system, with Musk advocating for the inclusion of cryptocurrencies alongside fiat currencies, boosted DOGE’s price. Some observers believe that the logo change was intended to divert attention from Twitter Blue, the platform’s new subscription service that allows users to purchase verified status with a blue tick.

Twitter’s new subscription service, called Twitter Blue, allows users to purchase a verified status with a blue tick, replacing the previous system that reserved blue ticks for notable accounts. Under the new system, so-called “legacy accounts” must now pay a monthly fee to maintain their verification status. However, many prominent media companies, celebrities, and politicians have declined to pay the fee, which poses a significant challenge for the platform.

Content Source: https://businessdor.com/dogecoin-skyrockets-30-amid-twitter-homepage-update-and-twitter-blue-controversy/

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