Elon’s Latest Twitter Update Could Be Good News for Crypto Fans

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Elon Musk, the CEO of Twitter, has been taking over the headlines for the past few weeks after his recent acquisition and all the changes he is making on the platform. This morning, Musk took to Twitter to announce yet another change he will be making.

According to the recent post, users will now be able to make longer tweets in the coming days. A while later, Musk added that Twitter now provides “incomparably faster and better quality” news than any other so-called old-school media outlet. The CEO went on to explain that Twitter is now one of the best platforms to follow coverage about the FTX crash.

Reportedly, this could be some good news for crypto fans as it seems like Musk is encouraging open conversations about crypto and the crypto industry as well as an increase in transparency. The social media platform is a widely adopted outlet for big players in the crypto space already and this could just strengthen Twitter’s role in diversifying the crypto ecosystem.

The longer Tweets will also enable more information to be spread about projects without having to create multiple, often hard-to-read, sub-threads.

This positive development in the new era of Elon’s Twitter could reflect in the price of DogeCoin (DOGE) given Musk’s influence over DOGE and Twitter’s role in the crypto-verse.

The news is yet to reflect in DOGE’s price movement. At the moment, DOGE is trading hands at $0.08537 after a 2.67% drop in price over the last 24 hours, according to CoinMarketCap.

Source: ethereum.today

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