Ekta Mourya
FXStreet
Twitter, a popular microblogging platform owned by Elon Musk, filed to be a financial services company. While the crypto community awaits the social media giant’s crypto integration plans, the DOGE community identified a tool to accept tips on Twitter and other digital platforms.
The meme coin’s price is struggling to recover from the recent pullback to $0.0852; experts believe DOGE is collecting liquidity before the next leg up.
Also read: Shiba Inu and SHIB The Metaverse gear up to offer first preview of the WAGMI Temple
Twitter’s crypto plans have been the subject of speculation in the meme coin community since Elon Musk’s takeover of the social media giant. Musk is a proponent of the Shiba-Inu-themed cryptocurrency DOGE and is identified as a self-proclaimed “Dogefather.”
The community, therefore, expects DOGE to be a part of Twitter’s crypto integration rollout. Musk and his team are working on developing payment services on Twitter as the firm recently applied to be a financial services company. Musk has previously discussed his vision for Twitter’s payment processing. The billionaire claims that the social media app will be fully operational with linked debit cards and bank accounts.
Doge Whisperer, a crypto influencer and the creator of the “Tip Jar”, told FXStreet:
If I had to guess I believe the first step for Twitter will be to integrate payments using fiat then crypto will be layered in. Dogecoin seems to be a favorite of Elon Musk as it has the characteristics of a true digital currency. With fast transaction speeds and extremely low transaction fees DOGE has a great possibility of becoming the currency of the internet.
The “Tip Jar” developed by the DOGE enthusiast can be used to accept tips on Twitter and other social media and has gained popularity. The project is called “Tipmysite”, and users can add the jar to their website or social media accounts at no added cost. The tips received in the jar can be spent at retail outlets that accept Dogecoin, donated or passed on as “tips” to others. Doge Whisperer’s project will help content creators monetize their social media, creating an additional income stream.
Users can convert their tips into local currency using an exchange like Coinbase or Kraken. Tips from the jar can be deposited to the exchange wallet and withdrawn in local fiat currency.
Despite the recent pullback in Dogecoin price, technical analysts believe DOGE has the potential for another leg up after collecting liquidity between $0.0669 and $0.0884. The meme coin’s price has formed two consecutive bull flags on its chart, and the bullish target for DOGE is $0.7777. 
DOGE/USDT 1D Chart
As seen in the chart above, every time the Relative Strength Index (RSI), a momentum indicator crosses the moving average, represented by yellow, DOGE price rallies. A drop below $0.0652, represented by a 38.2% Fibonacci retracement, could invalidate the bullish thesis for the Shiba Inu competitor.
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Ethereum price stands tall after its two-week long rally without any signs of reversal. However, ETH is currently facing some significant hurdles that could trigger its reversal, so investors need to exercise caution.
Bitcoin surges, then holds near $21k. Still riding the tailwinds of falling inflation and a more upbeat view of the economy, bitcoin cracked $21,000 in early weekend trading for the first time since early November before retreating slightly.
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Twitter filed to be a financial services company. While the crypto community awaits the social media giant’s crypto integration plans, the DOGE community identified a tool to accept tips on Twitter.
BTC looks healthy and ready to retest one of the significant hurdles at $19,248. Network activity shows enthusiasm, but on-chain metrics reveal this move cannot sustain. Two key levels to pay attention to include $19,248 to the upside and $15,443 to the downside.
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