© Reuters
Investing.com – It’s been less than two weeks since Elon Musk bought out Twitter (NYSE:) and it looks like he has a very strong idea of what the platform should look like going forward.
On the first day he fired the entire management, followed a few days later by much of the staff. Verification with the blue hook should serve as an additional source of income in the future, as this function should soon cost eight dollars per month.
Already a few months ago, Musk was philosophizing that paying for paid services on Twitter should also be possible with cryptocurrencies. According to him, it is above all for the that it would be an interesting application case.
The fact that the clearance procedure with US authorities is already underway, as reported by the Financial Times, shows that this is not just an obsession, but a plan in the making. be implemented.
It can be expected that the introduction of new means of payment will take place immediately after obtaining an authorization. Musk himself said Twitter’s pace of development will be fast compared to what’s happened so far:
“You know I’m a technologist and I can implement technologies quickly. And that’s exactly what’s going to happen with Twitter.”
It is not yet possible to know what role Binance will play in all of this. But as the cryptocurrency has contributed $500 million to the deal with Twitter, it should inevitably result in optimal use of the resulting synergy effects.
Besides top-tier cryptos like and , Dogecoin should also find its place among the new means of payment.
Dogecoin: price technical benchmarks
Dogecoin is currently recovering at a price of 0.0911 dollars, by 0.93 percent, while on a weekly basis, the loss is -30.49 percent.
The cryptocurrency broke through the 78.6 percent Fibo retracement support of $0.0785 yesterday on the daily close, after the daily low was formed at $0.0707.
Today, however, the price has already managed to recover above the fibo retracement and is therefore heading towards the resistance of the 61.8% fibo retracement of $0.0956. As long as there is no daily close above this level, expect a retest of the 78.6% Fibo retracement.
Just above the 61.8% Fibo retracement is the psychological mark of 0.1000 and only when this area is breached sustainably can an extension of the bullish move be expected. .
By Marco Oehrl