With the rise and the fall that the trading price of Dogecoin (DOGE) witnessed in the year 2021, many analysts speculated it had lived its high time.
After that, there were not many entities or mainstream institutions came into support the meme coin. By the endo of 2021, the trading price of DOGE had plunged to the bottom.
No Magic or Support for Dogecoin
The only supporter that stuck around for Dogecoin was the richest man in the world, Elon Musk. He continued to support it and it was because of his support that the meme coin survived throughout 2022.
The magic of words Musk had for DOGE had also faded by the end of 2021. However, the same magic came back in April 2022 when Elon Musk announced he was acquiring Twitter.
Fast forward to today, Twitter is owned by Elon Musk. Even before Elon Musk had thought of acquiring Twitter, he had given an idea to Jack Dorsey, the former CEO of Twitter.
He had proposed to integrate DOGE as a payment into Twitter and make it an “everything application”. However Jack Dorsey did not listen left Twitter.
Elon Musk Acquired Twitter
Since then, the idea of DOGE being integrated into Twitter was dead until Elon Musk acquired the social media platform in October 2022.
With Elon Musk’s acquisition of Twitter, the entire Dogecoin community is hoping that he will fulfill the promise he made to the entire DOGE community.
Since October, the trading price of DOGE has continued surging. This is because the investors are hoping that once Twitter integrates DOGE and announces it, the meme coin’s value will hit an all-time high.
The investors want to be ready for that time and they cannot wait for it to happen.
Even at the time of writing, the price of DOGE is on a higher level and every cryptocurrency broker seems to be pitching for the asset.
DOGE’s price has surged by 60% in the past 60-days because of strong anticipation of the investors about Twitter integration. The crypto trading experts are also hoping that the price of DOGE crosses the $0.80 mark to hit an all-time high.