Dogecoin Fans Ask Elon Musk To Take It To The Moon As Official Twitter Currency

The cryptoverse has a new request for Twitter Chief Elon Musk after his recent logo tweak: make Dogecoin DOGE/USD the official currency of the microblogging platform.

What Happened: One such call was made by David Gokhshtein, who runs crypto media firm Gokhshtein Media asked Musk on Twitter if he would consider making DOGE the platform’s official currency.

Another call was made by crypto analyst Dynamo Patrick who said that Dogecoin has a very real chance of becoming the "currency of the Internet."

He outlined four reasons for it. The first is the support from a major social media platform, widespread name recognition, a low bias thanks to its affordability and wide availability, and having a proof-of-work (PoW) system in place.

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Additionally, the analyst noted that the Lindy Effect, a notion that the longer something has existed, the greater its chances of continuing to exist in the future, also works in Dogecoin’s favor. 

Price Action: At the time of writing, DOGE was trading at $0.098, down 25.77% in the last 24 hours, according to Benzinga Pro.
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