Dogecoin Jumps over 50% as Twitter Brings “NFT Tweet Tiles” Update

Data from CoinMarketCap (CMC) shows that Dogecoin (DOGE), the most popular memecoin, has increased by 50% during the last day. The price surge coincides with Twitter’s recent announcement of another advancement in the non-fungible token (NFT) market.

At the time of writing, DOGE is trading at about $0.14, according to statistics given by CMC. The most popular memecoin, which is backed by Tesla CEO and billionaire Elon Musk, has increased by 50% over the past 24 hours and by more than 143% over the past seven days, reaching a 10-week high. It’s vital to remember that on October 18, Dogecoin’s hash rate reached a seven-month high of 815 TerraHashes per second (TH/S).

The American electric vehicle (EV) manufacturer’s billionaire CEO, Elon Musk, recently acquired Twitter for $44 billion. Twitter developed numerous cryptocurrency announcements during the past week as the deal draws nearer. Twitter announced the testing of “NFT Tweet Tiles” on Thursday.

Now testing: NFT Tweet Tiles 🚀

Some links to NFTs on @rarible, @MagicEden, @dapperlabs and @Jumptradenft will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience. pic.twitter.com/AkBisciB1i

— Twitter Dev (@TwitterDev) October 27, 2022

According to the micro-blogging site, the platform plans to launch a brand new feature called “NFT Tweet Tiles,” which is a segregated panel within a tweet that displays non-fungible tokens (NFTs) and the marketplaces that list the particular NFT shared. This exciting new NFT concept is expected to go live pretty soon, in order to “impact the Tweet experience,” Twitter developers stated on Oct. 27.

This development comes to light just four days after the famous tech influencer, Jane Manchun Wong, revealed that “Twitter is working on a wallet prototype that supports crypto deposit and withdrawal.”

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