• Elon Musk has announced a new Twitter Blue subscription which will help reduce ads for users.
• This move could positively benefit Dogecoin (DOGE) due to Musk’s support for the memecoin.
• Twitter Blue currently costs $8 per month with an extra $3 for payments made through Apple and Google’s App Stores.
Elon Musk, the CEO of Tesla and the new owner of the micro-blogging site, Twitter Inc, has announced the launch of a new Twitter Blue subscription service. This new subscription service could have a positive impact on Dogecoin (DOGE), the crypto industry’s first memecoin, due to Musk’s support for the coin.
The Twitter Blue subscription is an attempt to reduce the amount of ads which have been on the decline since Musk took over the ownership of the social media platform. The subscription currently costs $8 per month and users have to pay an extra $3 if they make payments through Apple or Google’s App Stores. The idea is that Twitter will eventually incorporate Dogecoin into its payment system, further boosting the coin’s popularity and providing more ways for people to make payments.
Musk has been a vocal supporter of Dogecoin and has been actively promoting the coin through tweets and jingles. He has even gone as far as to call himself „The Dogefather“ and has expressed his enthusiasm for the coin. With the launch of Twitter Blue, Musk’s support for Dogecoin could prove to be a major factor in driving the price of the coin up.
The growth of Dogecoin has been nothing short of amazing, with the coin’s market cap now standing at over $10.5 billion. As the cryptocurrency continues to gain traction, the new Twitter Blue subscription could be the driving force behind its success. If the subscription is successful, it could lead to more people using Dogecoin as a way to make payments, which would in turn help drive the price of the coin even higher.
Although the potential impact of Twitter Blue on Dogecoin remains to be seen, it could end up being an important step in the coin’s growth and development. Only time will tell if Musk’s efforts to promote the coin will result in a significant increase in the price of Dogecoin.