Elon Musk, the CEO of Tesla and owner of the social media platform X (formerly Twitter), recently announced a significant milestone for the platform.
X has achieved its highest level of organic traffic in its history, surpassing figures even from its time as Twitter. This recent increase in user activity has led the cryptocurrency community to renew its calls for crypto integration on X.
Read Also: Elon Musk Raises XRP Army’s Enthusiasm With His Recent Post On X
X Experiences Explosive User Growth
Musk revealed on X that the platform has witnessed record-breaking growth in organic traffic. A screenshot he shared shows that organic traffic has reached a whopping 3.3 billion, significantly higher than the 834.2 million peak observed in January 2022, when the platform was still Twitter. This exponential growth coincides with Musk’s acquisition of the platform in 2023 and its subsequent transformation into the “everything app” envisioned by Musk.
Crypto Community Seizes the Opportunity
The cryptocurrency community, particularly fans of Dogecoin (DOGE), a meme coin championed by Musk in the past, wasted no time in capitalizing on this development. They flooded X with messages urging Musk to leverage X’s growing user base by integrating cryptocurrency payments. Prominent cryptocurrency exchange Kraken was among those advocating for crypto integration, reflecting a broader community sentiment.
No better time to launch an X crypto integration eh? 🤔 💜
— Kraken Exchange (@krakenfx) April 3, 2024
DOGE: A Potential Beneficiary?
If Musk decides to integrate cryptocurrency payments on X, many speculate that DOGE, with its established connection to him, would be the frontrunner for inclusion. Musk’s past tweets endorsing DOGE, including his self-proclaimed title of “The DogeFather” on X’s predecessor platform, have demonstrably influenced the meme coin’s price. In May 2021, following such endorsements, DOGE soared to an all-time high of $0.7376.
According to CoinMarketCap, DOGE is currently trading at $0.185, a significant decrease from its peak. The community believes the digital asset’s association with Musk could make it a natural choice for X’s potential cryptocurrency integration.
Read Also: Elon Musk Ignites XRP and SHIB Armies’ Notable Demands with His Recent Announcement
Whether or not X will integrate cryptocurrency payments, is yet to be seen. Nonetheless, the platform’s impressive user growth and the vocal advocacy from the cryptocurrency community present a compelling case for such a move.
With Musk’s well-documented interest in cryptocurrencies, particularly DOGE, the possibility of X embracing crypto payments in the future cannot be ruled out. This development could have significant implications for the cryptocurrency landscape, particularly for DOGE and its potential resurgence.
Follow us on Twitter, Facebook, Telegram, and Google News
