Dogecoin jumps more than 50% as Twitter introduces “NFT Tweet Tiles” update

Data from CoinMarketCap shows that dogecoin, the most popular memecoin, has risen by 50% over the past day. The price spike coincides with Twitter’s recent announcement of another advance in the non-fungible token (NFT) market.

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

Twitter Tiles NFT Tweet

Tesla CEO Elon Musk recently acquired Twitter for $44 billion. Twitter has developed numerous crypto-currency announcements over the past week as the deal draws closer. On Thursday, Twitter announced the testing of “NFT Tweet Tiles“.

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According to the micro-blogging site, the platform plans to launch a brand new feature called “NFT Tweet Tiles“, which is a separate panel in a tweet that displays non-fungible tokens (NFT) and markets that list the particular NFT shared. This new concept of non-fungible tokens should be implemented very soon, in order to have a “impact on the tweet experience“, Twitter developers said on October 27.

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

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Twitter’s hexagonal logo and NFT verification method appear to be extended by the company’s new NFT Tweet tiles. NFT sales have dropped significantly over the past 12 months, with 30-day statistics showing a 22.01% drop from the previous month. The previous month, $423.91 million worth of NFT sales were settled, and total historical sales crossed the $40 billion mark this month.

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