The active addresses for Dogecoin [DOGE] skyrocketed after Twitter CEO Elon Musk tweeted about his plans for the social media microblogging platform. On 27 November, Musk shared screenshots of the company’s recent milestones and scheme for “Twitter 2.0,” which pertained to advertising, content, and verification.

However, one part that was left out was payment. This particular action was what fueled the guesswork, with many comments pointing to DOGE as the one Musk would choose.

The speculation was not surprising, especially as Musk has been vocal about his love for the coin. In addition, the fact that Tesla and The Boring Company have already integrated the memecoin further fueled rumors.

According to Santiment, since the tweet, active addresses on the DOGE chain spiked to 148,000. This indicated more demand for DOGE, including more unique deposits. Even though the memecoin sunk to $120,000 at press time, the on-chain informational portal showed that it was still higher than the period between 23-26 November.

(by Suzuki Shillsalot)