Dogecoin has shot up over 22.5% in the past week, jumping from $0.075 to $0.094.
The rapid price increase may follow speculation that the leading meme coin will be included in potential plans for Twitter to incorporate payments, which according to a transcript originally reported by Vox, would also incorporate crypto payments.
Some have speculated that a move by the new owner to incorporate financial services into Twitter could also see Musk’s preferred cryptocurrency become involved in some way.
In a Sunday tweet, Musk shared a slide from an internal Twitter presentation. Unpacking “Twitter 2.0,” he outlined several potential changes, including encrypted DMs and long-form tweets. The presentation also includes a blank space next to payments, leading some to speculate that a cryptocurrency may be used.
