Elon Musk’s Grok Declares Dogecoin As The Greatest Crypto For X

Elon Musk’s Grok, an Synthetic Intelligence (AI) chatbot developed by xAI, has declared Dogecoin as the perfect cryptocurrency for X (previously often called Twitter). This assertion got here in response to a question from CryptoQuant CEO Ki Younger Ju, who requested Grok, “What is the best cryptocurrency for Twitter?”

Grok’s response was clear and unequivocal: “The best cryptocurrency for Twitter would be Dogecoin. Elon Musk, the owner of Twitter, has been a vocal supporter of Dogecoin and has even mentioned it in several of his tweets. This has led to a surge in its popularity and adoption. Additionally, the Dogecoin community is very active on Twitter, making it a great choice for those looking to engage with fellow crypto enthusiasts.”

In an extra exploration of the connection between Elon Musk, DOGE, and the crypto neighborhood, Grok revealed that essentially the most preferred put up in your entire historical past of Crypto Twitter, which has not been deleted, was a tweet by Elon Musk concerning the meme coin in 2023. The tweet, stating “Dogecoin to the moon 🚀 #Doge,” acquired an astonishing 2.5 million likes.

Regardless of some confusion over whether or not this tweet has been deleted, its affect stays plain. Whereas Grok admitted that “the tweet you’re looking for has been deleted”, it not solely demonstrated Elon Musk’s vital impression on the crypto market but additionally cemented Dogecoin’s standing amongst crypto fans.

The rationale why Musk deleted the tweet is unclear and stay unknown to date. Nonetheless, since this put up, Elon Musk has showcased his help for DOGE several times, though it has turn out to be far more quiet round Musk’s fondness for the meme coin in latest instances.

Will Grok Be Proper And X Combine Dogecoin?

However, Musk’s curiosity in integrating the cryptocurrency together with his platform X is clear. Current developments point out that X would possibly allow Dogecoin funds and suggestions this yr. Musk has hinted at the potential of utilizing Dogecoin as a unit of account for transactions on X, doubtlessly making it a key participant within the cryptocurrency sphere.

X is slated to launch its in-app fee companies by mid-2024, positioning itself as a competitor to established platforms like PayPal. The specifics of whether or not Dogecoin can be included in these fee choices stay unsure, with the potential of fiat funds additionally being thought-about.

In a latest interview with ARK Make investments CEO Cathie Woods, Musk shared his expectation of introducing a fee perform on X “in the middle of next year.” Nonetheless, earlier than any such integration can happen, regulatory hurdles have to be cleared, together with the acquisition of money transmitter licenses in numerous US states.

This strategic transfer is in step with Musk’s broader imaginative and prescient for X as an all-encompassing ‘everything app’. The potential integration of Dogecoin may considerably improve its recognition and utilization, providing a brand new avenue for cryptocurrency adoption and utility.

For the DOGE worth, it may imply one other large worth spike if the rumors show to be true. Previously, vital DOGE bulletins by Musk have skyrocketed the meme coin by double-digits.

At press time, Dogecoin traded at $0.0819.

Dogecoin price
DOGE worth held above the 0.236 Fib, 1-week chart | Supply: DOGEUSD on

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