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Author: Admin | 2025-04-28
Rally was followed by a much-anticipated appearance by Elon Musk on Saturday Night Live, in which he mentioned the memecoin. This appearance was preceded by plenty of tweets by Musk about Dogecoin—further solidifying the links between Musk, DOGE, and Twitter in the eyes of many. How Elon Musk could grow Twitter using DOGEThe combination of Musk’s promotion of DOGE on Twitter, his engagement with its development, and his aspirations to monetize Twitter further have created an entrenched link between Musk and Dogecoin. This link has been key to the correlation between Musk’s sentiments about Dogecoin’s value.Twitter has a significant role in the sharing of news and culture across the world. It is used by governments, politicians, and many other leaders whose opinions and decisions shape the way our world looks and works. Twitter’s profitabilityTwitter has been unprofitable for most of its existence. Musk has said his reasons for acquiring Twitter were not primarily financial, claiming that preserving a trusted and inclusive public forum is valuable for civilization in general. Elon Musk designing a model of Twitter that is profitable while mobilizing blockchain technology would likely be a positive development for global blockchain adoption. Elon Musk’s unpredictable effect on Dogecoin’s valueThe cryptocurrency market as a whole is volatile and extremely difficult to predict. Dogecoin is known for being among the most volatile cryptocurrencies of all. Though it’s well-established that Elon Musk can greatly influence the value of Dogecoin, it’s not always predictable in what direction he will send DOGE’s price.When Musk
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