The social network
This license It allows that X can offer services with digital assets to its userssuch as storage, transfers, trade and exchange.
In this way, the former Twitter is once again attracting attention by adding another step in the cryptocurrency ecosystem. This drove up the price of Dogecoin (DOGE), the currency that Elon Musk, the CEO of the social network, defends and promotes.
DOGE has surged more than 6% in minutes after the release of the new license to trade at $0.0649. This is the highest price in almost two weeks.
This year, DOGE’s price has also increased due to other initiatives by Elon Musk since the Twitter acquisition. As CriptoNoticias reports, one of them was the temporary change of the social network’s logo to Dogecoin’s.