Dogecoin (DOGE) Inks 1.2% in Green as Twitter Adds Crypto Cashtags with Data

The top dog memecoin DOGE briefly regains momentum after Twitter adds cashtags with live charts.

Dogecoin (DOGE) Inks 1.2% In Green As Twitter Adds Crypto Cashtags With Data

As Elon Musk continues to look for a suitable successor to take the throne of Chief Twit, one unanticipated feature that spontaneously dropped is the integrated crypto and stock price charts for the cashtags. For instance, Twitter users can enter $BTC or $ETH in the search bar and find the live data from TradingView, which also links to the popular American stock and crypto exchange Robinhood.

Top European Exchange Welcomes DOGE

In other related news, the biggest crypto exchange in Europe, Bitstamp, announced today the addition of the leading memecurrency Dogecoin (DOGE). In celebration of the move, the Luxembourg-based crypto exchange is running a promotion, which will relieve the crypto investors of trading fees. Besides, the promotion is limited to a $1000 threshold and will run for a month.

On top of that, this comes in the wake of Elon Musk promising the DOGE Army to have a talk on Twitter Spaces during Christmas time. DOGE’s market price positively reacted to the new developments, increasing by a slight margin of 1.2% in the last 24 hours, while most of the TOP 100 altcoins continue to drown in blood courtesy of the ruthless crypto bears.

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At press time, DOGE occupies the honorable #8 in crypto charts by market capitalization and is changing hands at $0.074808, according to CoinGecko. Despite the slight daily gains, the top dog memecoin is still down by a whopping 15.4% in the last seven days and 22% in two weeks.

On the Flipside

  • The cashtag $DOGE doesn’t work the same way as $BTC & $ETH, so for now, crypto enthusiasts will have to type in $DOGEUSD for the relevant information to appear.
  • Plans to integrate DOGE into Twitter 2.0 might be put on hold if Elon Musk steps down from the Chief Executive Officer position.

Why You Should Care

The leading memecoin DOGE has a market capitalization of over $10bn, larger than Coinbase, the largest American crypto exchange.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.