Numerous factors contributed to the success of Dogecoin (DOGE). Elon Musk, the CEO of Tesla, has been a leading supporter, despite the fact that it first began as a joke. The community hoped for an improvement in Dogecoin’s visibility on Twitter once Musk took over the social media platform. On the other hand, a well-known DOGE tipping bot on the social media site has been suspended.
Earlier today, a number of Dogecoin users reported that the Twitter account “MyDogeTip” had been suspended. Users contacted Twitter to try and fix the problem, but as of press time, no response has been received.
According to reports, this tip bot has been around for a while. Members of the community even remarked that no other cryptocurrency on Twitter is utilised for tipping as frequently as DOGE.
Twitter launched a feature that would let users use Ethereum [ETH] and Bitcoin [BTC] for tipping before Musk took over the company. In the middle of this, Reddit saw a boom for Dogecoin. In comparison to Bitcoin, there were 262,138 recommendations for DOGE a year ago. As a result, the community pushed for Dogecoin to be included in Twitter’s tipping system. Billy Markus, one of the DOGE network’s co-founders, even created a petition to get the item listed on the social media site.
However, as soon as Musk announced interest in acquiring the business, Twitter’s dynamics shifted. While many expected Dogecoin to take center stage on Musk’s Twitter, the business magnate has been busy rebuilding the company.
Move Instills Fear In Dogecoin Community
Without a reaction from Twitter, numerous rumours started to circulate. The vast majority of the community thought it was primarily an error.
Others hoped Twitter Coin wouldn’t take the place of Dogecoin. Mishaboar, a member of the DOGE community said,
“Either a mistake or something to do with Twitter’s new suspension policies. I really really hope it has nothing to do with the other incentives Twitter is planning to add (like Twitter Coin), as that would not replace Dogecoin for me and a lot of other people.”
According to a story from earlier this week, Twitter has been requesting licenses from the appropriate authorities to enter the U.S. payments market. While its competitors were going through a period of correction, this news helped DOGE’s price rise. However, the most recent information might hurt the asset.