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    Musk’s Golden Ticket to Twitter Profitability ? DOGE, X and More

    Musk’s Golden Ticket to Twitter Profitability ? DOGE, X and More

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    Billionaire entrepreneur Elon Musk has given Twitter, the favored social media platform, a rebrand to X. Then, sneakily, the Crypto Twitter observed that Musk unveiled the Dogecoin emblem in his Twitter bio location, following a emblem swap from the traditional blue chicken to the X image.

    These actions, refined but symbolic, pushed Dogecoin’s value up by a big 8%, with its buying and selling quantity skyrocketing by a outstanding 450.19% in a span of 24 hours, in accordance to CoinGecko information.

    Musk acquired Twitter for $44 billion, merging it into the privately held X Corp. below X Holdings Corp. This was a step in direction of creating ‘X,’ an all-inclusive app, as Musk alluded to in October 2022.

    He has since misplaced round $20 billion since shopping for Twitter, in accordance to the Guiness Book of World Records.

    However, X Corp., the rebranded Twitter, nonetheless has thousands and thousands of lively customers, and integrating DOGE funds may broaden crypto utilization on a world scale.

    The relationship between DOGE and Musk is lengthy lasting. Musk reportedly owns round $3 billion in DOGE in varied wallets. Telsa, then again, allegedly has over $200 in DOGE in 2022.

    If the conjectures are appropriate and Dogecoin is certainly built-in into X’s cost infrastructure, Musk’s ongoing help may propel Twitter’s earnings whereas doubtlessly elevating the stakes within the Twitter and recouping the loses.

    Musk’s open admiration for Dogecoin has been a constant theme, main to vital value variations. His 2019 tweet, “Dogecoin might be my fav cryptocurrency. It’s pretty cool,” solidified this fondness.

    While there are doubters — given crypto’s flirtation with mainstream standing amid the bull market that led to 2021 — the potential stays.

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