Dog-Themed Meme Cryptocurrency Dogecoin It has surged 10% in the past day, reclaiming $0.20 for the first time since December 2021.
The price of Dogecoin is currently at $0.2038, up 10.8% on the day and 34.6% on the week, according to data from CoinGecko. According to the cryptocurrency price tracker, the cryptocurrency last hit $0.20 on December 4, 2021. This is a far cry from the all-time high of $0.73 posted in May of that year at the height of the cryptocurrency bull market.
The meme coin’s price surge occurred just days after Twitter’s artificial intelligence chatbot Grok. told some users: Dogecoin payments were possible on the platform. It is likely the result of AI hallucinations. This is because the feature is not activated.
In a Twitter thread, Dogecoin developer Mishaboar said: guess Twitter claims that cryptocurrency payments could be implemented “probably no sooner than next year” but “much earlier” than five years, and that payment services like PayPal already support cryptocurrencies.
Elon Musk, Twitter Payments, and Dogecoin
Twitter owner and chairman Elon Musk previously announced his intention to turn the platform (rebranded as @XPayments The account launched earlier this year.
However, while Musk has long professed to be a fan of Dogecoin, the tech billionaire is not a fan of the meme coin (or actually any Cryptocurrencies) form part of the planned payment functionality.
He previously speculated that Dogecoin could be used as a means of payment for the social media platform’s premium subscription service Twitter Blue, and has worked with Dogecoin developers in the past.
Last year Financial Times Sources familiar with the matter reported that Musk wanted Twitter’s planned payments service to be primarily fiat-based, with the option to add cryptocurrency functionality “later.”
Edited by Stacey Elliott.
