Speculation regarding the potential of Dogecoin (DOGE) to become Twitter's official currency exists after Elon Musk's Twitter acquisition talks resurfaced including his close ties to the DOGE project.
To be clear, DOGE is the largest memecoin in the crypto market as it has a current market cap of $8.58 billion.
In fact, the price of DOGE always soars every time Musk mentions the memecoin on his Twitter.
Now the price of DOGE has increased again by 6.65% which is at the price level of $0.06558 right after Musk took over Twitter.
According to a Bloomberg report, Twitter's stock price rose by 12.67% after the billionaire made a proposal to buy Twitter at the original offer price of $54.20 per share.
The string has the DOGE community expressing its excitement while a Twitter fan named tunez.eth asked if DOGE could become the platform's official cryptocurrency.
But making DOGE Twitter's native currency is still uncertain as the proposal emerged due to a legal battle related to Musk's objection to Twitter's bot account.
Musk stopped the Twitter acquisition deal in May this year due to spam and fake account issues.
As such, the $44 billion deal was put on hold while he stressed the need to remove spam bots from the social media platform.
