Gokhshtein Shocked: Dogecoin Surges 7.7% After Twitter Move

Entrepreneur David Gokhshtein is stunned by the fact that Twitter chose eToro as financial partner instead of Binance.

David Gokhshtein overwhelmingly staring at Twitter as a small Shiba Inu dog with Thug Life glasses is walking on Gokhshtein's arm.
  • Twitter recently joined forces with eToro to enable in-app trading.
  • The move sparked criticism. Many believe it’s not the best choice.
  • David Gokhshtein’s crew discusses doxxing at the NFT NYC event.

In recent tweets, the emerging crypto entrepreneur David Gokhshtein addressed Twitter’s freshly-signed partnership. According to ‘Dogeshtein’ Gokhshtein, Twitter’s choice to land a deal with eToro is very surprising. 

Indeed, Twitter is set to roll out the new features on Thursday, which include trading Bitcoin (BTC) and Ethereum (ETH), among other popular crypto assets. Besides, eToro is bound to launch a series of widgets that would help the investors do research on their own. While most of these widgets would work in-app, the users can switch to the eToro interface with one click.

Sponsored

However, crypto media personality Gokhshtein argues that Binance would be a better match for Twitter’s financial switch. The globally leading crypto exchange has proven to be the leader of the cryptosphere with the largest market capitalization and has a $500 million investment in Twitter.

Ultimately, while Binance is a partial investor, integrating BNB Chain into Twitter might become legally problematic due to Binance’s troubles in the United States. Recently rumored to be on red notice, Binance CEO Changpeng ‘CZ’ Zhao refuted these claims with the trademark ‘4’ sign, which means “ignore FUD” in crypto slang.

Dogecoin to Receive Blazing News on 4/20?

It’s no secret that the DOGE Army hopes for another bull run of the popular canine coin. According to crypto trader The Doge Coach, the current charts reveal a high probability of a breakout if DOGE successfully maintains the upper support line of $0.09.

At press time, the ninth cryptocurrency by market cap trades at $0.089544, according to CoinGecko. With a 7.7% daily increase, DOGE is having the best month since Elon Musk’s Twitter Takeover with 20.2% gains in the last 30 days. 

Sponsored

In addition, the self-proclaimed leader of memecoins discussed the phenomenon of doxxing in crypto at the NFT NYC event in New York. Interestingly, DOGE inventor Billy Markus, then a software engineer for IBM, created the coin as a joke in 2013 without intending to hide his identity.

On the other hand, the other popular canine coin Shiba Inu (SHIB) is led by the mysterious developer Shytoshi Kusama, who’s contemplated revealing his identity to increase the public trust in DOGE’s rival. Discussing this at the NFT NYC 2023, the Gokhshtein Media crew agreed that a sealed identity is “going to hurt chances of growing within Web3.”

On the Flipside

  • Dogecoin had to forcefully step aside from the eigth position by global market cap.
  • Lido Staked Ether (stETH) surpassed DOGE by 86M after the Shanghai Upgrade.

Why You Should Care

Twitter’s recent financial switch might accelerate blockchain technology adoption.

Explore other trending stories in cryptocurrency:

Musk Effect: Aptos Soars 15% After Elon’s Short-Lived Tweet

Ripple Strikes Back at SEC: Do They Have a Strong Defense in Fair Notice Claim?

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.