Elon Musk’s favorite cryptocurrency is up 19% after information about Twitter 2.0

The Dogecoin meme token grew by 19.4% after Elon Musk’s post about Twitter 2.0 — the social network head posted a part of the presentation about the next version of the platform, which was presented to the company’s employees in their office earlier. According to CoinGecko, the price of DOGE rose from $ 0.089 to $ 0.107 within hours of Musk’s tweet. However, the growth did not last long and the token dropped to $ 0.095 at the time of writing.

Slides from my Twitter company talk pic.twitter.com/8LLXrwylta

— Elon Musk (@elonmusk) November 27, 2022

According to the presentation slides, Twitter will continue to hire developers. «In terms of critical hires, I would say that people who are good at writing software are the highest priority,» Elon Musk said.

Twitter 2.0 will be a global super-service — a «mobile app for everything «- for all communication and financial interactions of users. Cryptocurrency investors continue to hope that DOGE payments will be integrated into the social network, but the billionaire did not mention Dogecoin either in the published presentation or in a conversation with employees.

As for Twitter 2.0, the platform will support encryption of personal messages and the ability to write longer posts. Musk wants to put an end to the absurd practice of screenshots in tweets — Twitter has previously worked on the «Articles» feature for publishing longer messages, but in an experimental mode.