Dogecoin Surges as Elon Musk Tweets Ad Revenue Initiative

AdamG

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Elon Musk announces that twitter will share ad revenue with creators for ads that appear in their reply threads. Eligibility for the revenue share is only for accounts subscribed to twitter blue verifies. The development is a positive one of the platform’s community and adds another incentive to subscribe to twitter blue verified. The specifics of the revenue share are still unknown, but it could provide a much-needed boost to the subscription service. The move is seen as twitter's effort to overcome economic challenges and find new revenue streams.

Recent rumours also suggested that Twitter would include a wallet that allows for bitcoin deposits and withdrawals. The NFT Tweet Tiles functionality is reportedly being developed by the microblogging platform.

According to Santiment, derivatives trading continues to grow, with around $4.47 million liquidated in the past 24 hours. Hence, by the end of 2023, the dogecoin price according to coinpedia could hit a possible high of $0.158. That said, a possible crisis in the business could dump the price to $0.079.
 

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