According to the DOGE Army, the memecoin would be the only cryptocurrency other than Bitcoin with a Twitter Emoji.
Since Musk assumed control of Twitter, the chance of cryptocurrency payments has increased.
Despite being included in the top 10 memecoins, Dogecoin's value is far lower than it was when the news of Elon Musk's Twitter acquisition first broke. The likelihood of Twitter accepting cryptocurrency payments has increased since Musk took over. The Dogecoin army is still mobilising support for the cryptocurrency in the midst of a tumultuous market. As with many cryptocurrencies, the recent FTX fall had a big negative impact on the price of DOGE.
Long-term sentiment is favourable because of Elon Musk's enormous support for the DOGE community. Strong DOGE supporters are requesting that an emoji be added next to the hashtag #Dogecoin on Twitter in this situation. The social media network currently only allows Bitcoin to have an emoji next to its hashtag. The Dogecoin emoji may very possibly become a reality now that Elon Musk is in charge of Twitter. Since the Tesla CEO assumed control of the business, there have been significant shifts in terms of hiring and firing practises.
On Wednesday, the price of memecoin dropped significantly. According to price monitoring website CoinGabbar, the price of DOGE is currently $0.09561, down 2.1% over the previous 24 hours.
Memecoin recently experienced a price increase due to rumours that Twitter may introduce its own cryptocurrency. Musk's idea to create a monetization tool is one of his objectives for the current Twitter ramp. The social media platform's tip-adding area was at the heart of the Twitter coin news. Nobody from the company, however, offered any evidence to support or refute the rumour.