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This meme token is seeing more support from its most important backer today.

Dogecoin traders are buzzing with excitement as Elon Musk teases the possibility of adding crypto functionality to Twitter.

Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising by 8.1%. Bitcoin was trading around $23,100, down about 0.3%

A pseudonymous crypto analyst, who predicted Bitcoin's (CRYPTO: BTC)  2018 bottom, has said that Dogecoin (CRYPTO: DOGE) is gearing up for a revenge pump. What Happened: ‘SmartContracter' told his 220,000 followers on Twitter that DOGE will rally 100% or more.

The Dogecoin price has witnessed a sustained recovery since the beginning of 2023. The coin price rallied 36% since the January low of $0.069 and reached the current price of $0.0926.

Many in the crypto world are rejoicing following the news that Twitter CEO Elon Musk is moving ahead with the rollout of payments on the social media platform.

The prospect of dogecoin being a part of a Twitter payments ecosystem has ramped up the meme coin's gain for January.

Twitter is eyeing to introduce fiat payments first and then integrate crypto assets in the near future.

Whales transferred large amounts of Dogecoin (DOGE) amid reports claiming Elon Musk started applying for regulatory licenses in the U.S. for Twitter payments. The Dogecoin community has been actively awaiting Dogecoin integration on Twitter, as hinted by Elon Musk earlier.

The creator of one of the biggest and most popular meme coins on the market, Billy Markus highlights an enormous transaction made by a top-20 DOGE whale, who moved an enormous 450 million coins worth approximately $40 million.

Elon Musk continues to refine plans for crypto payments on Twitter

Twitter will initially integrate with fiat and later accept digital assets as a form of payment.

While most top digital assets faced declines over the past two days, Dogecoin (DOGE) bucked the trend with a 6% increase in the past 24 hours. The meme-inspired cryptocurrency experienced a surge in the daily traded volume of over 173%, reaching $1.28 billion on Tuesday, indicating strong demand.  However, high liquidation levels, with $4.

The dogecoin price has jumped by 8% today, rising to $0.092839 after reports yesterday that Twitter owner Elon Musk is determined to move ahead with integrating payments into the social network. DOGE is now up by 11% in a fortnight and by 32% following the news, with the market expecting that the meme token will be one of the chief beneficiaries of Twitter's crypto play.

Dogecoin pumped almost immediately after the most recent Musk announcement in regards to Twitter.

Bluntz, a popular cryptocurrency trader, has predicted a massive price surge for meme coin Dogecoin (DOGE) against Bitcoin (BTC), the flagship cryptocurrency. According to Bluntz, DOGE/BTC is "gearing up for a revenge pump of probably 100% or more.

It is a very bearish day in the broader digital currency ecosystem, with prices sliding in what appears as a coordinated and comprehensive sell-off. Despite the outlook, Dogecoin (DOGE) is seeing its price rejuvenation, and at the time of writing, it is up by 6.03% to $0.09384, according to data from CoinMarketCap.

What is the Dogecoin price prediction for February 2023? Dogecoin to hit $3 if this happens.

Following a bearish Monday, DOGE and SHIB were on the move this morning. While Twitter news delivered support, the Shibarium upgrade remains key.

Mask Network (CRYPTO: MASK), is up 27% on Monday late evening, outperforming Dogecoin (CRYPTO: DOGE) gains. What Happened: The rally comes on the news that Elon Musk is planning to build a payments system for Twitter that could potentially support cryptocurrencies in the future.

Twitter is reportedly working on a system that would allow users to make payments directly through the social media platform. Billionaire owner Elon Musk is said to be pushing for a fiat currency priority but wants the system to incorporate cryptocurrencies later on.

Major coins traded in the red on Monday, as the global market cap went down 3.68% reaching $1.04 trillion, as of 8:30 p.m. EST. Cryptocurrency Gainers (+/-) Price Bitcoin -3.74% $22,802 Ethereum -4.46% $1566 Dogecoin +1.50% $0.091 What Happened: The largest cryptocurrency by market value, Bitcoin (CRYPTO: BTC), traded below $23,000.

A large part of crypto projects gained investors' attention as the market turned green in the last 30 days but Dogecoin [DOGE] seemed to be struggling.

Bitcoin and altcoins started the week in the red, but if this week's FOMC meeting aligns with investors' general expectations, the wider crypto market could quickly rebound.