In 24 hours, Dogecoin has surged nearly 30%, and Tesla CEO Elon Musk announced the completion of the Twitter transaction yesterday.
Speculation that Dogecoin will become a twitter currency, or at least a payment/tipping option, has been speculated by influential people like Charles Hoskinson, the founder of blockchain platform Cardano .
When Musk was invited to join the Twitter board earlier this year, he suggested adding Dogecoin as a paid option for Twitter Blue subscriptions. Since then, Dogecoin holders have been looking forward to Musk’s acquisition of Twitter. Dogecoin jumped one spot from 10th on CoinMarketCap, spurred by news of the Twitter deal landing.