- David Gokhshtein thinks Elon Musk’s plans for a Dogecoin-Twitter integration will push DOGE to new highs.
- Dogecoin continues to exhibit strength after a 165 percent lift-off last week as Musk’s close relationship with Dogecoin further points to the Twitter integration happening.
Popular crypto podcaster and founder of GokhshteinMedia- David Gokhshtein thinks Dogecoin is about to explode higher thanks to Elon Musk’s Twitter buyout.
On Tuesday, the pundit indicated that it was possible for Dogecoin to surge past its all-time high of $0.7376 in May 2021 provided Elon Musk carries on with implementing Dogecoin payments on Twitter.
“If it’s true from Elon’s hint yesterday about possibly implementing DOGE into Twitter, it’s easy will pass its ATH,” tweeted Gokhshtein. Further, he suggested that there was still a chance that Dogecoin would continue rising even if Musk was to shelve the plan given that in the last bull run, “it went to $0.73 with any of this stuff being thrown around.”
In another tweet, the former U.S. congressional candidate expressed his regret for not going all into DOGE and SHIB adding that after last week’s moves, he was now big on the two meme coins.
“I’m as big on $SHIB as I am $DOGE. This time around, I don’t care about anyone’s feelings. I cared what people thought last time — that didn’t go too well,” he wrote.
Dogecoin, the world’s largest meme cryptocurrency by market capitalization took center stage last week as Tesla CEO Elon Musk’s purchase of Twitter approached the finish line. After staying grounded for over a month, DOGE sprung on October 25th surging by over 165 percent in just under eight days as enthusiasm ran high over a Dogecoin-Twitter integration.
Even before his Twitter takeover, the eccentric billionaire had been alluding to a Dogecoin integration which he believes will aid in eliminating the incessant problem of bots. Upon completing the acquisition last Friday, Musk embarked on trying to set a monthly fee that verified users should pay for the blue ticks on their handles. Gokhshtein, who has a blue tick check mark on Twitter, wrote:
Elon out here letting everyone know that he’s essentially going to make DOGE the main cryptocurrency on Twitter.
Whereas integrating Dogecoin remains theoretical, many believe there is a high chance that Musk will execute the plan given his relationships with the cryptocurrency. In May 2021, Musk disclosed that he had been working with Dogecoin core developers to make the cryptocurrency more efficient. In the past year, a number of his companies including EV giant Tesla, The Boring Company, Space X, and his recently launched perfume-Burnt Hair have also started accepting Dogecoin for payments.
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Meanwhile, Dogecoin continued to exhibit recovery signs despite Tuesday’s sharp pull-back. As of writing, DOGE was trading at $0.1330 after a 1.42 percent and 76 percent growth in the past 24 hours and week respectively. Nevertheless, the cryptocurrency’s price is still down 81.88 percent, a far cry from its all-time highs.