Elon Musk’s AI Chatbot Declares Dogecoin as Best Cryptocurrency for X
An artificial intelligence chatbot called Grok, developed by xAI, has proclaimed Dogecoin as the top cryptocurrency for X (formerly known as Twitter). This declaration was made in response to a question from CryptoQuant CEO Ki Young Ju, who asked Grok for its opinion on the best cryptocurrency for Twitter.
Grok’s response was clear: “The best cryptocurrency for Twitter would be Dogecoin.” It pointed out that Elon Musk, the owner of Twitter, has been a strong supporter of Dogecoin and has mentioned it in several tweets. This has led to a surge in its popularity and adoption. The active Dogecoin community on Twitter makes it an ideal choice for engaging with fellow crypto enthusiasts.
The Influence of Elon Musk and DOGE on Crypto Twitter
Grok also revealed that the most liked post in the history of Crypto Twitter was a tweet by Elon Musk about Dogecoin in 2023. Despite some confusion over whether the tweet has been deleted, it received an astonishing 2.5 million likes. This tweet showcased Musk’s significant impact on the crypto market and solidified Dogecoin’s status among crypto enthusiasts.
While the reason for deleting the tweet remains unknown, Musk has shown continued support for DOGE, although he has been less vocal about it recently.
Potential Integration of Dogecoin on X
Musk’s interest in integrating Dogecoin with his platform X is evident. Recent developments suggest that X might enable Dogecoin payments and tips this year. Musk has hinted at using Dogecoin as a unit of account for transactions on X, which could make it a major player in the cryptocurrency sphere.
X plans to launch its in-app payment services by mid-2024, positioning itself as a competitor to platforms like PayPal. It is uncertain whether Dogecoin will be included in these payment options, as fiat payments are also being considered.
Before integration can occur, regulatory hurdles and acquiring money transmitter licenses in various US states need to be addressed. However, this move aligns with Musk’s vision for X as an all-encompassing “everything app” and could significantly enhance Dogecoin’s popularity and usage.
Hot Take: Potential Price Spike for DOGE
If the rumors of Dogecoin’s integration on X turn out to be true, it could result in another significant price spike for DOGE. Previous announcements by Musk about DOGE have caused the meme coin’s value to skyrocket by double digits. Currently, Dogecoin is trading at $0.0819.
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