Why Dogecoin Creator Sees a Price Rally as Musk’s Twitter Bid Goes Through

Why Dogecoin Creator Sees a Price Rally as Musk’s Twitter Bid Goes Through

(Zycrypto) Dogecoin creator Billy Marcus touts the acceptance of Dogecoin as a payment option as one of the key utility drivers of the cryptocurrency as Elon Musk takes over Twitter.

Marcus believes that Dogecoin’s low transaction costs combined with high speeds are a plus should more businesses take it as a payment option after its enthusiast Musk takes over Twitter.

The Dogecoin creator further adds that DOGE could function as a tipping currency, saying it is the purest use case that attracts happiness. 

Marcus also raised the probability of creating a Dogecoin-Ethereum bridge as other ways to raise the cryptocurrency’s utility.

Nonetheless, Musk, through a tweet, refuted the idea of the Ethereum bridge saying it was not needed, although he agreed with the other suggestions by Marcus.

Retail investors now hope that the $44 billion takeover of Twitter by Musk would allow the inclusion of DOGE as a payment option, including the addition of the tipping feature.

DOGEUSD is up +3.73%.

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