Twitter’s Payment Integration Announcement Sparks Dogecoin Speculation Coinpedia Fintech News
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Dogecoin Jumps Past Cardano Amid Hopes Twitter’s X Rebrand Will Introduce A DOGE Payment Option ZyCrypto
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Crypto Market News: Elon Musk is facing a task in hand thanks to artificial intelligence based tools, which is to prevent data scraping and system manipulation on Twitter. Earlier, CoinGape reported that the social media platform blocked data access to AI based chatbots like ChatGPT. This came as part of a pool of new restrictions the company made on Saturday, which impacts the number of posts each user can access in a single day. Musk’s trademark was evident with the platform severely skewing the rules in favor of paid users when compared to non-verified users.
Also Read: Popular Analysts Predict 10% Rally In Ethereum Against Bitcoin, Will Altcoins Follow?
Meanwhile, Twitter’s data scaping problem appears to have a solution in the crypto market. Interestingly, the solution bypasses the need for placing limits on daily tweets accessed by users to prevent scraping.
Theta Network (THETA) Tech
According to Theta Network supporters, its technology offers a framework for decentralized data streaming and delivery that could potentially prevent unauthorized data scraping by AI companies. Data scraping involves usage of software tools or scripts to pull out data from websites and databases, which is posing a major threat to user data safety on the internet. In recent times, it has been stated that AI companies have been using data scraping tools to be able to train their large language models (LLMs). Elon Musk’s criticism of AI development is well known, after his support to the demand for limiting the pace of development in the industry.
A Twitter account named Larry, a THETA supporter, explained how Theta Network’s “Methods and systems for a decentralized data streaming and delivery network” patent can help in the social media company’s cause.
“This technology could potentially reduce the need for Twitter to impose daily post viewing limits, thereby enhancing the user experience.”
Overall, a collaboration in this direction could be a massive boost for the crypto market. Yet, it remains to be seen if Musk is keen on developing an in-house tech solution.
Also Read: Bitcoin Shrimps Racks Up More BTC; Is This A Signal Of Bull Run?
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Dogecoin (DOGE) Crashes As Twitters Reverts To Its Own Logo And Arbitrum (ARB) Records Four Whale Transactions While TMS Network (TMSN) Collects $4 Million During Presale Outlook India
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Dogecoin spikes 6% following Twitter’s new move CryptoSlate
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Dogecoin (DOGE) spiked by more than 6% after Twitter announced a partnership with the social trading platform eToro, according to CryptoSlate’s data.
The partnership will allow users to buy stocks and cryptocurrencies on eToro directly from the Twitter app, CryptoSlate reported.
eToro confirmed the development, saying its $Cashtags partnership will enable Twitter users to get real-time data and charts about these assets.
Following the news, Elon Musk’s favorite cryptocurrency Dogecoin rallied to as high as $0.0877, according to CryptoSlate’s data.
The meme coin has since retraced to $0.08686 at the time of writing.
Several DOGE enthusiasts interpreted Twitter’s move as Elon Musk’s latest effort toward integrating the meme coin into the social media platform.
Meanwhile, this is not the first time Twitter’s actions and announcements have heavily influenced DOGE’s performance since Musk bought the platform in October 2022.
The token reached as high as $0.14 in November 2022, riding on expectations of Musk’s plan for the asset.
Its value also significantly spiked after the social media platform changed its logo to the Shiba Inu dog. At the time, DOGE rallied by more than 30% but soon crashed after Twitter restored its original logo.
The post Dogecoin spikes 6% following Twitter’s new move appeared first on CryptoSlate.
]]>The crypto market has been expecting the integration of digital assets into Twitter, following Elon Musk’s big takeover. While many of them assumed that the integration would be in the form of payments, Musk certainly surprised netizens. The “$Cashtags” feature made its debut back in December 2022 with just two assets Bitcoin [BTC] and Ethereum [ETH]. Now, this list has expanded to thirty.
By displaying pricing graphs when users click on the symbol of a significant stock, ETF, or cryptocurrency, Twitter decided to improve the user experience for cashtags. Users can simply add a dollar [$] symbol before a stock or crypto to create a clickable cashtag.
Although it is known that the price index obtains its information from Trading View, it also provides a link to the crypto’s page on the online trading site Robinhood.
The Shiba Inu & Dogecoin community managed to detect cashtags for their respective crypto assets. While Dogecoin wasn’t a surprise, the incorporation of its rival SHIB certainly was.
Others apart from the aforementioned crypto assets were Tether [USDT], Binance USD [BUSD], Solana [SOL], XRP, Litecoin [LTC], Avalanche [AVAX], Uniswap [UNI], Polygon [MATIC], Cardano [ADA], Dai [DAI], Decentraland [MANA], Bitcoin Cash [BCH], The Sandbox [SAND], Stellar [XLM], Ethereum Classic [ETC], Wrapper Bitcoin [WBTC], Cronos [CRO], Tezos [XTZ], ApeCoin [APE], Algorand [ALGO], Axie Infinity [AXS], Hedera [HBAR], ZCash [ZEC], Maker [MKR], and Internet Computer [ICP] were part of this list.
During its initial announcement, Twitter said,
“In the coming weeks, we’ll refine the user experience and expand our coverage of symbols.”
Meme crypto assets have been dominating the Twitter space. Several speculate that along with Shiba Inu & Dogecoin, a plethora of other meme coins may land on Twitter.
Crypto assets that did not make it
Despite being among the top ten and CZ’s involvement in Musk’s Twitter deal, Binance Coin [BNB] was still not featured. However, Binance’s stablecoin made it to the list. In addition to this, USD Coin [USDC], OKB, Polkadot [DOT], Tron [TRX], Chainlink [LINK] as well as Lido Staked Ether [STETH], Monero [XMR] weren’t part of the list.
While it is not sure if these assets would be featured on Twitter’s cashtag, more symbols are expected to be added.
- Twitter is working on integrating crypto payments after Elon Musk files for the microblogging platform to become a financial services company.
- While Dogecoin’s community awaits Twitter’s next steps, a DOGE influencer designed a tip jar that allows users with a wallet address to accept tips for no additional cost.
- Experts believe DOGE is on track to continue its rally, and the meme coin is collecting liquidity before its run-up to $0.7777.
Twitter, a popular microblogging platform owned by Elon Musk, filed to be a financial services company. While the crypto community awaits the social media giant’s crypto integration plans, the DOGE community identified a tool to accept tips on Twitter and other digital platforms.
The meme coin’s price is struggling to recover from the recent pullback to $0.0852; experts believe DOGE is collecting liquidity before the next leg up.
Also read: Shiba Inu and SHIB The Metaverse gear up to offer first preview of the WAGMI Temple
Twitter’s crypto plans remain unknown; community finds a way to accept DOGE tips
Twitter’s crypto plans have been the subject of speculation in the meme coin community since Elon Musk’s takeover of the social media giant. Musk is a proponent of the Shiba-Inu-themed cryptocurrency DOGE and is identified as a self-proclaimed “Dogefather.”
The community, therefore, expects DOGE to be a part of Twitter’s crypto integration rollout. Musk and his team are working on developing payment services on Twitter as the firm recently applied to be a financial services company. Musk has previously discussed his vision for Twitter’s payment processing. The billionaire claims that the social media app will be fully operational with linked debit cards and bank accounts.
Doge Whisperer, a crypto influencer and the creator of the “Tip Jar”, told FXStreet:
If I had to guess I believe the first step for Twitter will be to integrate payments using fiat then crypto will be layered in. Dogecoin seems to be a favorite of Elon Musk as it has the characteristics of a true digital currency. With fast transaction speeds and extremely low transaction fees DOGE has a great possibility of becoming the currency of the internet.
The “Tip Jar” developed by the DOGE enthusiast can be used to accept tips on Twitter and other social media and has gained popularity. The project is called “Tipmysite”, and users can add the jar to their website or social media accounts at no added cost. The tips received in the jar can be spent at retail outlets that accept Dogecoin, donated or passed on as “tips” to others. Doge Whisperer’s project will help content creators monetize their social media, creating an additional income stream.
Users can convert their tips into local currency using an exchange like Coinbase or Kraken. Tips from the jar can be deposited to the exchange wallet and withdrawn in local fiat currency.
Dogecoin price is on track for another leg up
Despite the recent pullback in Dogecoin price, technical analysts believe DOGE has the potential for another leg up after collecting liquidity between $0.0669 and $0.0884. The meme coin’s price has formed two consecutive bull flags on its chart, and the bullish target for DOGE is $0.7777.
DOGE/USDT 1D Chart
As seen in the chart above, every time the Relative Strength Index (RSI), a momentum indicator crosses the moving average, represented by yellow, DOGE price rallies. A drop below $0.0652, represented by a 38.2% Fibonacci retracement, could invalidate the bullish thesis for the Shiba Inu competitor.
- Twitter may be planning to launch its own native coin very soon
- Elon Musk has changed a few things since taking charge and confirmed that many more would come.
Rumors suggest that Elon Musk is planning to launch a new cryptocurrency – Twitter Coin. In a tweet posted by researcher and blogger Jane Manchun Wong, there is an image many now consider a Twitter Coin logo.
In a different tweet, Wong hinted that Twitter could launch a crypto payment and tips feature sometime soon. However, Wong seemed to have deleted her account shortly after her tweets.
Nima Owji, a researcher, tweeted an image about Twitter working on payments, including a picture showing a “Coins” section in a hidden “Tips” setting on the app. Owji also posted a Twitter Coin image.
Tweeted ~2 days ago!
https://t.co/v6ZWTd3DHQ
— Nima Owji (@nima_owji) December 5, 2022
A few Twitter users have suggested that the Twitter Coin might be an official acceptance of Dogecoin, which would see Twitter integrating the meme coin. However, since neither Elon Musk nor Twitter has made an official comment about the rumored cryptocurrency, it is currently unclear if the possibility of a Twitter Coin means anything for Dogecoin (DOGE).
Long before taking over Twitter, Musk was a strong DOGE advocate, many times pumping the dog-themed meme coin by tweeting his support. In response to the news about a possible Twitter Coin, DOGE pumped nearly 6% and hit $0.111. However, as of press time, DOGE is trading at $0.1061, according to data from CoinMarketCap.
Twitter Coin
If the Twitter Coin turns out to be a different standalone cryptocurrency, an official launch could be problematic for other Twitter-popular “crypto assets”, including DOGE and Bitcoin (BTC). A Twitter Coin directly means that the Elon Musk-led company would be disinterested in official support for any other cryptocurrencies. However, the images leaked by Owji and Wong suggest that Twitter could embrace more than one crypto instead of sticking exclusively to the Twitter Coin.
Elon Musk Has Other Plans For Twitter
Since taking over the Twitter wheel, Elon Musk has changed a few things and confirmed that many more would come. For instance, the billionaire ‘Chief Twit’ has publicly revealed that Twitter should make more money from subscriptions. However, these plans could involve making changes to Twitter that may directly violate Google and Apple’s app store policy. In a tweet posted last month, Musk said:
“App store fees are obviously too high due to the iOS/Android duopoly. It is a hidden 30% tax on the Internet.”
Musk is referring to the up-to-30% cut both platforms collect from all in-app purchases. This is particularly unsavory to Musk, especially as he recently launched Twitter Blue subscriptions for $8 per month. Tensions may already be brewing, as Apple’s App Store head Phil Schiller deleted his Twitter account.
However, Musk seems unfazed and might be ready to war with both tech giants. The businessman has hinted at designing a new smartphone and operating system should the fight with the “iOS/Android duopoly” worsen. Responding to an encouraging tweet from video podcast host Liz Wheeler who suggested that Apple & Google might take Twitter off their respective app stores, Musk said he will make an alternative phone “if there is no other choice.”
Meme coins are a relatively new form of cryptocurrency. The first-ever meme coin, Dogecoin (DOGE), was released in 2013 and gained popularity a few years ago. There are hundreds of different meme coins, either launched or being created.
Meme coins are cryptocurrencies that are based on an internet joke. These cryptocurrencies generally started as jokes that weren’t meant to be taken seriously. Still, they can catch on when community members invest in the most recent one to join the joke.
After the initial success of Dogecoin, many were inspired to “improve” on the classic meme coin model. Various versions have changed things, some with content and others with blockchain.
A lot is happening in the current meme coin market, somewhat paralleling the entire cryptocurrency market. Some mem coins like Shiba Inu (SHIB) are having a hard time after Twitter’s multiple scandals and lowering buzz. However, others like Rocketize Token (JATO) have exceptional new qualities that are anticipated to launch it up the crypto ranks.
Twitter’s Buzz has dissipated, and so has Shiba Inu’s
Shiba Inu was released in 2020, inspired by Dogecoin; it also used a Shiba Inu dog to represent its coin and name. Shiba Inu runs on the Ethereum blockchain making all SHIB tokens (the coin’s native currency) ERC-20 tokens.
However, this hasn’t made as big of a distinction between Shiba Inu and Dogecoin as initially thought. Most things that affect Dogecoin also affect Shiba Inu, as many investors assume they are linked due to the stark similarities between the coins.
When Tesla CEO Elon Musk acquired the social media platform Twitter, it affected both meme coins. Dogecoin and Shiba Inu shot up in price when the deal became final. Many people had high hopes that Musk would begin incorporating Dogecoin as currency for the platform. Due to this, Shiba Inu also shot up in price as it is an eerily similar coin.
However, Musk did not incorporate Dogecoin as a currency for Twitter. Now that the Twitter hype has died down, Shiba Inu has drastically reduced in price. On the 21st on November 2022, Shiba Inu’s price shot down drastically from green to red. It went down 6.17%. It is speculated this trend may carry on for the rest of the month before seeing any change.
Rocketize Token’s Deflation to Push It Up!
Rocketize Token is a revolutionary new meme coin in its pre-sale phase. Built on the BNB smart chain, it offers a large amount of security. With a significant focus on its community, Rocketize Token has given its community the name “The Atomic Nation”. Unlike many other cryptocurrencies, the Atomic Community has a large say in what happens to the coin. It is even allowed to help develop things for the meme coin. This can be seen as the Atomic Nation is developing an eCommerce platform which will support meme trading card NFTs.
The best thing about Rocketize Token is its deflationary nature. Instead of using an inflationary tokenomics model like most other meme currencies, Rocketize Token will employ burning to raise the value of its native currency, JATO. Burning JATO will guarantee that Rocketize can carry its community to higher financial altitudes than most meme currencies.
Additionally, a 2% tax will apply to every JATO transaction. The remaining half of this fee will be incinerated, with the first half going to investors’ JATO wallets.
Final Thoughts
The crypto winter makes it harder to find valuable cryptocurrencies to invest in. With many previously highly sought-after cryptocurrencies like Shiba Inu experiencing huge crashes, investing isn’t easy. However, pre-sale crypto Rocketize Token has a deflationary model that could see you making big bucks.
Rocketize (JATO)
Presale: https://rocketize.io/buy
Website: http://rocketize.io
Telegram: https://t.me/RocketizeTokenOfficial
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The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido