Dogecoin more than doubled in October after Musk, called “the dogefather” by retail traders, sealed a $US44 billion deal to take control of Twitter.
Cryptocurrency exchange Binance, which invested $US500 million into Musk’s buyout of Twitter, had actually said it was conceptualizing methods on how blockchain and crypto might be handy to Twitter.
“A year later, Twitter has yet to announce any crypto specific initiatives,” said Stéphane Ouellette, Chief Executive at digital property financial investment platform FRNT Financial.
“It remains to be seen whether the appearance of the DOGE logo is more than a joke.”
The shiba inu token, a spinoff of dogecoin which sells portions of cents, increased 5.6 percent to $US0.000014 on Tuesday.
Reuters