Elon Musk Joins Twitter – What It Means For DOGE?

While managing his billion-dollar empire, Elon Musk also actively shared his thoughts on the global social media platform Twitter. A few days ago, he also shared that he is giving a ‘serious thought’ to having his social media platform that seems to have come true. In a recent development at Twitter, Parag Agrawal – CEO announced that Elon will be joining as a board member of the company. As per reports, Elon bought 9.2% shares of the social media giant Twitter for USD 3 billion, which is more than double the position of Jack Dorsey (co-founder of Twitter). Besides, Elon has also continuously promoted cryptocurrencies on Twitter over recent months, especially Dogecoin. The news of Elon joining the Twitter board was also taken positively by the Dogecoin community, which saw the coin rallying up to a 30% gain in a month. Doge currently stands at the US $0.1513 on CoinMarketCap at the time of writing this article. But there are questions surrounding Elon and Dogecoin – will the rally continue, or will Elon promote Doge the same way on Twitter despite being the board member? Elon and Dogecoin: Story So Far Over the past year, Elon has promoted Dogecoin exclusively on Twitter, increasing its adoption. Recently, Tesla also announced taking DOGE as one of the payment modes for its supercharging stations and merchandise stores. Despite the influence, Tesla’s CEO has also faced scrutiny multiple times from compliance bodies for his twe...