HomeCryptoTwitter’s Plan For Crypto Integration Remains Unknown, Community Explores Dogecoin Tip Jar For Social Media
Twitter’s Plan For Crypto Integration Remains Unknown, Community Explores Dogecoin Tip Jar For Social Media
January 15, 2023
Twitter is working on integrating crypto payments after Elon Musk calls for the microblogging platform to become a financial services company.
While the Dogecoin community awaits Twitter’s next steps, a DOGE influencer has designed a tip jar that allows users with a wallet address to accept tips at no additional cost.
Experts believe that DOGE is on track to continue its rally and that the meme coin is gathering cash before climbing to $0.7777.
Twitter, a popular microblogging platform owned by Elon Musk, has claimed to be a financial services company. As the crypto community awaits the social media giant’s crypto integration plans, the DOGE community has identified a tool to take suggestions on Twitter and other digital platforms.
The meme coin price is struggling to recover from the recent pullback to $0.0852, experts believe DOGE is gathering cash ahead of the next rally.
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Twitter’s crypto plans remain unknown, community finds a way to accept DOGE’s suggestions
Twitter’s crypto plans have been the subject of speculation in the meme coin community ever since Elon Musk’s takeover of the social media giant. Musk is a proponent of the Shiba-Inu themed DOGE cryptocurrency and is identified as a self-proclaimed “Dogefather”.
The community therefore expects DOGE to be part of the Twitter crypto integration rollout. Musk and his team are working on developing payment services on Twitter as the company recently applied to become a financial services company. Musk has already discussed his vision for Twitter payment processing. The billionaire says the social media app will be fully operational with linked debit cards and bank accounts.
Doge Whisperer, a crypto influencer and creator of the “Tip Jar” told FXStreet:
If I had to guess, I believe the first step for Twitter will be integrating fiat payments, so the encryption will be layered. Dogecoin happens to be a favorite of Elon Musk as it has the characteristics of a true digital currency. With fast transaction speeds and extremely low transaction fees, DOGE has a great chance of becoming the currency of the internet.
The “Tip Jar” developed by DOGE enthusiast can be used to accept tips on Twitter and other social media has gained popularity. The project is called “Tipmysite” and users can add the jar to their website or social media accounts at no extra cost. Tips received in the jar can be spent in outlets that accept Dogecoin, donated or given as “tips” to others. Doge Whisperer’s project will help content creators monetize their social media, creating an additional revenue stream.
Users have the option to convert their tips into a local currency using an exchange like Coinbase or Kraken. Tips from the jar can be deposited into the exchange wallet and withdrawn in local fiat currency.
Dogecoin price is well on its way to another lead
Despite the recent decline in Dogecoin price, technical analysts believe DOGE has the potential for another lead after gathering liquidity between $0.0669 and $0.0884. The meme coin price has formed two consecutive bullish flags on its chart, and the bullish target for DOGE is $0.7777.
DOGE/USDT 1D chart
As seen in the chart above, whenever the Relative Strength Index (RSI), a momentum indicator crosses the moving average, represented by yellow, the DOGE price rallies. A decline below $0.0652 represented by a 38.2% Fibonacci retracement could invalidate the bullish case for rival Shiba Inu.