On Sunday, 27 November, Elon Musk shared slides from the Twitter 2.0 update presentation. After that, the meme cryptocurrency Dogecoin (DOGE) rose above $0.10.
\n
Slides from my Twitter company talk pic.twitter.com/8LLXrwylta
\n
— Elon Musk (@elonmusk) November 27, 2022
\n
\n
\n\n\n
As of writing, DOGE trades at around $0.095. According to CoinGecko, the meme cryptocurrency rose 22% over the past week and ranked eighth by market capitalization, with a market cap of $13 billion.
\n\n\n
Although Musk’s post did not directly mention Dogecoin, some investors may have anticipated the asset’s integration as a method of payment on Twitter. The billionaire made a corresponding proposal back in April.
\n\n
Investors’ speculation may have been fueled by an empty field next to the Payments section on one of the slides. The images also mention encrypted private messages.
\n\n
According to researcher Jane Wong, the integration of this feature would be provided by the Signal Protocol from the messaging app, which supports cryptocurrency payments in MobileCoin (MOB).
\n\n
\n
Twitter will adopt the Signal Protocol for Encrypted DMs
\n
Seeing code references of the Signal Protocol inside Twitter’s iOS app pic.twitter.com/uHKlf9kFVX
\n
— Jane Manchun Wong (@wongmjane) November 26, 2022
\n
\n
\n\n
Within a few hours of the publication, MOB quotes surged more than sixfold, from $0.59 to $3.70.
\n\n
\n\n\n
Earlier this month, the price of Dogecoin surpassed $0.15 for the first time since April.
\n\n
Earlier, the meme cryptocurrency rose nearly 10% after Musk’s purchase of Twitter.
\n\n
Read ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.