Twitter’s plan for crypto integration remains unknown, community explores Dogecoin Tip Jar for social media


  • Twitter is working on integrating crypto payments after Elon Musk files for the microblogging platform to become a financial services company. 
  • While Dogecoin’s community awaits Twitter’s next steps, a DOGE influencer designed a tip jar that allows users with a wallet address to accept tips for no additional cost. 
  • Experts believe DOGE is on track to continue its rally, and the meme coin is collecting liquidity before its run-up to $0.7777. 

Twitter, a popular microblogging platform owned by Elon Musk, filed to be a financial services company. While the crypto community awaits the social media giant’s crypto integration plans, the DOGE community identified a tool to accept tips on Twitter and other digital platforms. 

The meme coin’s price is struggling to recover from the recent pullback to $0.0852; experts believe DOGE is collecting liquidity before the next leg up. 

Also read: Shiba Inu and SHIB The Metaverse gear up to offer first preview of the WAGMI Temple

Twitter’s crypto plans remain unknown; community finds a way to accept DOGE tips

Twitter’s crypto plans have been the subject of speculation in the meme coin community since Elon Musk’s takeover of the social media giant. Musk is a proponent of the Shiba-Inu-themed cryptocurrency DOGE and is identified as a self-proclaimed “Dogefather.”

The community, therefore, expects DOGE to be a part of Twitter’s crypto integration rollout. Musk and his team are working on developing payment services on Twitter as the firm recently applied to be a financial services company. Musk has previously discussed his vision for Twitter's payment processing. The billionaire claims that the social media app will be fully operational with linked debit cards and bank accounts. 

Doge Whisperer, a crypto influencer and the creator of the “Tip Jar”, told FXStreet:

If I had to guess I believe the first step for Twitter will be to integrate payments using fiat then crypto will be layered in. Dogecoin seems to be a favorite of Elon Musk as it has the characteristics of a true digital currency. With fast transaction speeds and extremely low transaction fees DOGE has a great possibility of becoming the currency of the internet.

The “Tip Jar” developed by the DOGE enthusiast can be used to accept tips on Twitter and other social media and has gained popularity. The project is called “Tipmysite”, and users can add the jar to their website or social media accounts at no added cost. The tips received in the jar can be spent at retail outlets that accept Dogecoin, donated or passed on as “tips” to others. Doge Whisperer’s project will help content creators monetize their social media, creating an additional income stream. 

Users can convert their tips into local currency using an exchange like Coinbase or Kraken. Tips from the jar can be deposited to the exchange wallet and withdrawn in local fiat currency. 

Dogecoin price is on track for another leg up

Despite the recent pullback in Dogecoin price, technical analysts believe DOGE has the potential for another leg up after collecting liquidity between $0.0669 and $0.0884. The meme coin’s price has formed two consecutive bull flags on its chart, and the bullish target for DOGE is $0.7777. 

DOGE/USDT 1D Chart

DOGE/USDT 1D Chart 

As seen in the chart above, every time the Relative Strength Index (RSI), a momentum indicator crosses the moving average, represented by yellow, DOGE price rallies. A drop below $0.0652, represented by a 38.2% Fibonacci retracement, could invalidate the bullish thesis for the Shiba Inu competitor. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Ripple proponent attorney slams Michael Saylor’s stand on Bitcoin as perfect money, XRP dips to $0.47

Ripple proponent attorney slams Michael Saylor’s stand on Bitcoin as perfect money, XRP dips to $0.47

Ripple proponent Bill Morgan slams Michael Saylor for promoting Bitcoin as perfect money. XRP Ledger AMM has crossed a milestone of 20 million XRP tokens in Total Value Locked.

More Ripple News

Bitcoin price stalls as BTC miners reserve dwindle; market watches for impact

Bitcoin price stalls as BTC miners reserve dwindle; market watches for impact

Bitcoin spot ETFs show continuous outflow from June 13 to June 21. BTC miners have also seen a decline in their reserves. Bitcoin price is trading inside a descending wedge, and a breakout above $64,600 signals a bullish move.

More Bitcoin News

Week ahead: Bitcoin dips under $63,000, meme coins fade with steep correction in top five

Week ahead: Bitcoin dips under $63,000, meme coins fade with steep correction in top five

Bitcoin dipped under $63,000 on Monday, lowering crypto market capitalization by over 3%, per CoinGecko data. BTC is in a state of decline, and news of VanEck’s Spot Bitcoin ETF launch in Australia failed to improve traders' sentiment. 

More Cryptocurrencies News

Pepe poised for 20% crash

Pepe poised for 20% crash

Pepe price breaks below the ascending trendline support on Sunday, suggesting  a bearish move. On-chain data suggests that PEPE’s active addresses are decreasing, signaling lower demand for the network.

More Pepe News

Bitcoin: Is BTC out of the woods?

Bitcoin: Is BTC out of the woods?

Bitcoin appears poised for a slight decline this week, influenced by factors such as the German Government's deposit of over 1,700 BTC in exchanges, decreasing outflows in US spot ETFs, and on-chain data indicating no signs of BTC DeFi liquidation. 

Read full analysis

BTC

ETH

XRP