What crypto will reach $1 after Elon Musk’s acquisition of Twitter?

Dogecoin and Shiba Inu are two of Elon Musk’s favorite cryptocurrencies. In terms of market reach and blockchain innovations, these memecoins are quite competitive. Shiba Inu ($SHIB) has been rocking the cryptocurrency market in recent weeks with its NFT and metaverse technologies.

Dogecoin (DOGE), on the other hand, is one of the first meme currencies in the market. It was developed in 2013 in response to the influx of a high number of new cryptocurrencies into the market. However, it has built a strong community, allowing it to thrive over time as one of the largest cryptocurrencies by market capitalization.

Elon’s next move will be crucial – $DOGE or $SHIB?

The future of Twitter has raised concerns since its acquisition by Elon Musk. Some predict that he will launch or incorporate a number of cryptocurrency projects. People expect Elon Musk to integrate DogeCoin or Shiba Inu into Twitter somehow. If this turns out to be true, the value of this cryptocurrency will skyrocket.

The CEO of Tesla, SpaceX and Twitter has a soft spot for Dogecoin. Elon Musk has regularly mentioned his desire to maximize Twitter monetization and embrace cryptocurrencies as a payment option. Given Musk’s past preferences, it’s highly likely he’ll use Dogecoin.

If Elon Musk implemented a payment system for Twitter and used DOGE, the usefulness of Dogecoin would skyrocket. This would create genuine and undisputed value for DOGE since every Twitter user would come into contact with cryptocurrency at some point.

It would also set a precedent for the cryptocurrency industry and global corporations regarding the enterprise functionality of cryptocurrencies.

If Dogecoin is used to help monetize Elon Musk’s Twitter, other companies could easily follow suit and use Dogecoin instead of Shiba Inu. In such a scenario, the value of Dogecoin will rise above the dollar mark.

Both cryptocurrencies dominate social media. But Elon Musk, the man who made meme currencies a thing, prefers $DOGE to $SHIB. He even admitted that he does not hold $SHIB in his wallet.

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