- The repercussions for Moons might be enormous if Twitter adopts DOGE as a payment option.
- People would start associating Doge with Twitter the same way they associate CC Moons with Reddit.
- Elon Musk`s support for Dogecoin is not new.
If the Twitter and Dogecoin connection generates buzz, CC Moons will be the second currency that is representative of a social media site. This would also be a subject the media will ultimately cover.
The majority of the general population, including members of the media and non-coiners, would associate Reddit with Moons and Twitter with Doge. This is especially true when they link social media sites with cryptocurrencies.
Concretely, if Doge can gain an increase in the valuation of a whooping 10B in a week and low-effort Dog coin ripoffs are able to gain 100s of millions of market cap and surpass Doge`s gains, the potential of CC moons would be enormous. This is according to a Reddit user who is also a Mooncoin holder.
This will however happen if people started associating CC moons with Reddit in a similar way Doge would be associated with Twitter.
A day after the news that Elon Musk will purchase Twitter broke, the value of all cryptocurrencies combined surged by 4%. DOGE benefited from the news the most and returned to the top 10 coins by market capitalization immediately after.
Although Musk is publicly seen as a DOGE supporter, his support for Dogecoin isn’t new. Musk started to tweet about Dogecoin back in 2019. He has spoken many times in favor of the dog-themed coin often on Twitter.
Elon Musk has called DOGE the “people’s crypto”, and once referred to himself as “The Dogefather”. He still makes tweets that boost the value of the cryptocurrency every now and then.
