Dogecoin drops 8% after Twitter rumor about crypto wallets. After Elon Musk's acquisition of Twitter, Dogecoin experienced an incredible bull run. However, since plans for the development of crypto wallets were put on hold, the assets have fallen by 8% in the last 24 hours. Let's try to understand together what happened.
The spectacular bull run after the acquisition of Twitter.
The CEO of SpaceX has always had a favorite crypto: Dogecoin. Every time Elon Musk tweets about it, he pumps the price for a few hours or even days. Its influence on this crypto is considerable and continues to invest to develop it.
Thus, he allowed his various businesses to accept digital assets as a means of payment. It is therefore possible to pay in Dogecoin at Tesla, SpaceX or The Boring Company giving a growing utility to this same coin. However, with the acquisition of Twitter recently, many rumors suggest that Dogecoin could be integrated into Twitter.
If this were to happen, the same coin would go from a crypto with little utility to an asset in the spotlight that many more individuals would discover existed. In addition, users of the blue bird will be able to purchase different services on the platform.
As a result, following Musk's acquisition of Twitter, Dogecoin naturally started pumping. The asset increased by nearly 50% at the time of its premium! It is then necessary to be attentive to the future messages of the whimsical billionaire to know the next pump of Dogecoin.
Graph of the vertiginous rise of dogecoin after the acquisition of Twitter
A dump after the pump.
The hype on the Dogecoin lasted only a few days since the asset has experienced a decline of 8% in the last 24 hours.
New rumors have emerged that Twitter has paused its development plans for a cryptocurrency wallet. This wallet was supposed to support Dogecoin on the blue bird platform. This information was revealed by the news platform Platformer.
This announcement was instantly felt on the digital asset since it experienced a decline of up to 10% at times.
Dogecoin courses in the last 24 hours
Nevertheless, this is not the only announcement that has plunged into the same corner. Indeed, the new CEO of Twitter plans to lay off more than 3,700 employees today (November 4). However, the approach is illegal in the state of California and the company is therefore prosecuted for mass dismissal.
In the United States, the federal Worker Adjustment and Retraining Notification Act prohibits large companies from carrying out mass layoffs without at least 60 days' notice.
The lawsuit asks the court to issue an order requiring Twitter to comply with the Worker Adjustment and Retraining Notification Act and prohibiting the company from requiring its employees to sign documents that could deprive them of their right to participate in litigation.
"We filed this complaint tonight to make sure that employees are aware that they don't have to give up their rights and that they have a way to assert their rights," Shannon Liss-Riordan, the lawyer who filed the complaint Thursday, said in an interview.
ALSO READ: Will Dogecoin Ever Reach $1?
Which cryptos for the next pump?
Three new cryptocurrency pre-sales we reviewed recently that could be a good return on investment for "altcoin season." We have therefore selected 3 very promising cryptos that could pump thanks to their singularity and originality. Thus, we observed the potential of Dash 2 Trade (D2T), Calvaria (RIA) and IMPT (IMPT).
The pre-sale of Dash 2 Trade is now rapidly approaching the $5 million raised following the confirmation of its first CEX listing, on the LBank exchange. Dash 2 Trade provides crypto trading tips, predictions and social analysis to help traders make informed decisions. The community already has more than 70,000 experienced traders.
Calvaria's presales are also approaching the $1.5 million mark. It's a Play 2 Earn card game where you can face enemies while earning rewards.
IMPT exceeded $12 million. The ecological project consists of buying carbon credits through the purchase of products. Major brands have joined the project such as Amazon or Lego. It is possible to earn NFTs and support ecological and sustainable projects.
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