Cointime

Download App
iOS & Android

Rumors About a “Twitter Coin” Make the Dogecoin Community Explode

The cryptocurrency community believes that Elon Musk is planning to launch a new cryptoasset, which they call Twitter Coin and which many associate with Dogecoin. It all came about with a tweet posted by blogger Jane Manchun Wong, which garnered attention for an image believed to be the logo of the native currency of the micro-messaging network.

Neither the company nor Elon Musk have officially reported anything about it, but the leaked image of what could be the Twitter Coin is giving the cryptocurrency community, especially the one that revolves around Dogecoin, a lot to talk about.

Manchun Wong is popular for revealing secrets of features to be added by the most used apps such as Instagram, Facebook or Twitter.

Interestingly Manchun Wong’s accounts have now disappeared, but many share the screenshot of his latest post. In it you can see the hidden Twitter Tips settings, including a section called “Coins”, where the logo of the alleged Twitter Coin appears.

Everything seems to indicate that the logo could be a way to reflect Twitter’s payment modality that will be among its new features.

However, the community is handling several theories. Since the logo of the alleged cryptocurrency is not blue, but yellow and in the center it shows the Twitter birdie in white, Dogecoin users prefer to believe that the meme cryptocurrency will be native to the social network.

For quite some time now, Elon Musk has claimed to be a strong supporter of Dogecoin and Bitcoin, although he has also been sued for the way he promotes the use of the dog-themed cryptoasset.

The truth is that the community is currently divided on the meaning of Twitter’s currency logo. Some say that if Twitter launches its own cryptoasset, it will soon not need Dogecoin, bitcoin or ether (the cryptocurrency of the Ethereum network).

Comments that Elon Musk could soon get rid of Dogecoin, startled the community that revolves around this cryptocurrency, who claim that the tycoon will not integrate a new cryptocurrency on Twitter.

Meanwhile, other members of the community believe that a logo with the social network’s characteristic little bird is only a sign that all the cryptocurrencies used so far on its platform will be integrated there.

In September last year Twitter enabled its function to send and receive bitcoins worldwide, through an integration with the Strike application. Later, it added the second largest market cap cryptocurrency, ether.

Comments

All Comments

Recommended for you

  • BTC breaks through $92,000

     the market shows BTC breaking through $92,000, currently at $92,023.91, with a 24-hour decline of 0.13%. The market is highly volatile, please manage your risk accordingly.

  • WLFI launches lending marketplace powered by Dolomite

     WLFI launches a lending market supported by Dolomite.

  • Spot gold rose more than $300 in January.

     spot gold has risen above $4620/oz, with a daily increase of 2.44%, accumulating a rise of over $300 in the first month of the new year.

  • Hassett: Still interested in a Fed position

    White House National Economic Council Director Hassett: Still interested in the Federal Reserve position. It is unknown whether U.S. President Trump has approved an investigation into the Federal Reserve. Federal Reserve Chairman Powell is a good person.

  • BTC falls below $91,000

     the market shows BTC fell below $91,000, currently at $90,997.44, with a 24-hour increase of 0.26%. The market is highly volatile, please manage your risks accordingly.

  • The US spot Ethereum ETF saw a net outflow of $68.57 million last week.

    according to SoSoValue data, during the trading days last week (January 5 to January 9, Eastern US time), the US spot Ethereum ETF had a net outflow of 68.57 million USD.

  • BTC breaks through $92,000

    the market shows BTC breaking through $92,000, currently at $92,041.92, with a 24-hour increase of 1.49%. The market is volatile, please manage your risk accordingly.

  • Japanese Prime Minister considers dissolving the House of Representatives; USD/JPY rises sharply.

    Japanese Prime Minister is considering dissolving the House of Representatives. The USD/JPY exchange rate quickly rose by 0.66% to 157.95, hitting a new one-year high. 

  • a16z announced the completion of a $15 billion funding round, which will focus on investments in AI and crypto.

    a16z has just completed raising over $15 billion in funds. This batch of funds includes: American Dynamism Fund ($1.176 billion), Apps Fund ($1.7 billion), Bio + Health Fund ($700 million), Infrastructure Fund ($1.7 billion), Growth Fund ($6.75 billion), and other venture capital strategy funds ($3 billion). The announcement states that its mission is to ensure the United States wins the technology competition in the next 100 years, focusing on winning key infrastructures such as AI and crypto. In addition, it will promote the application of related technologies in fields such as biology, health, defense, public safety, education, and entertainment.

  • BTC falls below $90,000

     market shows BTC fell below 90,000 USD, currently at 89,996.08 USD, 24-hour decline reached 0.43%, market volatility is high, please manage risk properly.