Twitter’s willingness to participate in the sale of cryptocurrencies has raised the Dogecoin rate

Today, April 13, the Dogecoin (DOGE) cryptocurrency has risen by 4% in less than an hour. This happened after the news broke that Twitter would allow trading in digital assets on the platform.

At the time of writing, the Dogecoin rate has already risen by 5.34%, the coin is trading for $ 0.09 with a market capitalization of $ 12.1 billion. Last week, DOGE jumped by almost 20%. This happened after Twitter users noticed that the social network’s home button was replaced with the logo of Elon Musk’s favorite cryptocurrency. Although the social network’s logo has since returned to the classic blue bird, this gesture has spurred the dynamic growth of Dogecoin.

Now, thanks to a partnership with the social trading platform eToro, Twitter users will be able to buy cryptocurrencies, stocks, and other financial assets. Today, the social networking site has introduced a new feature that will allow users to view market charts as well as make financial transactions on eToro.

Using the Twitter Cashtags feature, it is already possible to observe trading information from the TradingView platform in real time. The feature will allow you to view assets on eToro, and Twitter users will be able to buy and sell cryptocurrencies via the social network.

It seems that Elon Musk is turning Twitter into a so-called «super app» where users will have access to a variety of services and facilities. However, it is not yet clear whether the majority of users will appreciate such metamorphoses.