Di. Sep 26th, 2023

• Rumors suggest that Twitter is planning to launch an in-app crypto exchange offering BTC and ETH as default trading pairs.
• Dogecoin experiences a price correction after being temporarily crowned as the new Twitter logo.
• Technical analysis reveals a high probability of bullish divergence for DOGE, however further drops below $0.08 could erase its bull run profits.

Twitter Crypto Exchange Rumors

Rumors on Crypto Twitter suggest that Elon Musk aims to let users trade Bitcoin (BTC) and Ethereum (ETH) via an in-app crypto exchange on the upgraded version of Twitter 2.0. Additionally, Musk is testing out an AI engine which may lead to Non-Fungible Token (NFT) integration but no further details have been revealed yet.

Dogecoin Price Correction

Dogecoin (DOGE), the 8th ranked cryptocurrency, saw a 13.2% dip over the past seven days due to two large whales unexpectedly dumping $121 million worth of DOGE tokens after it was briefly crowned as the new Twitter logo and pushed above $0.10 for the first time since October 2022 when Musk took over Twitter’s official account. Currently, Dogecoin trades at $0.082588 according to CoinGecko.

Bullish Divergence Incoming?

In technical terms, Dogecoin has a high probability of bullish divergence when its price drops to a new low while an oscillator fails to reach a new low, signaling that bulls are taking over again despite its bearish weekly trend – up 16.4% monthly terms though still facing market price correction if it falls below crucial support levels of $0.08 or lower .

No Confirmation from Musk

Elon Musk added tickers for popular cryptocurrencies such as Bitcoin, Ethereum etc., but there has been no confirmation from him regarding plans to launch a crypto exchange on Twitter 2.0 at this point in time yet .

The Final Word

Despite all rumours and speculations around Elon Musk’s intentions with regards to launching an in-app crypto exchange on Twitter 2.0 or integrating NFTs into the platform, nothing has been officially announced yet regarding these features – leaving us only with predictions and educated guesses until they are confirmed by either Musk or other members of his team!

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