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Reading: Elon Musk’s Influence on Dogecoin and His Battle Against Spam on Twitter
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COINTURK NEWS > Dogecoin (DOGE) > Elon Musk’s Influence on Dogecoin and His Battle Against Spam on Twitter
Dogecoin (DOGE)

Elon Musk’s Influence on Dogecoin and His Battle Against Spam on Twitter

In Brief

  • Elon Musk no longer directly posts about Dogecoin and cryptocurrencies.

  • Recent Musk tweet had little impact on Dogecoin's price.

  • Musk focuses on reducing spam on Twitter amidst global tensions.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Mischievous billionaire Elon Musk has long ceased making direct posts about Dogecoin and cryptocurrencies. Previously, his serious tweets about Dogecoin significantly influenced its price, but his current indifference now leads to even his indirect posts being ignored.

Contents
Elon Musk and DogecoinCan X End the Spam?

Elon Musk and Dogecoin

We are on the brink of a new war in the Middle East. Following the last war cabinet meeting, Israel decided to respond militarily to Iran. Various sources indicated a few days ago that an attack on Iran was imminent. Biden and many other world leaders are engaging with the parties to prevent this from escalating into a regional full-scale war.

While all this is happening and gold is making gains exceeding 1% daily, Elon Musk’s agenda includes entertaining posts and efforts to reduce spam. A tweet made by Musk a few minutes ago did not significantly affect the price of Dogecoin.

It seems that the current hot topics are overshadowing Elon Musk. DOGE was signaling new rallies above $0.21, but due to recent negative events, it continues to fluctuate between $0.13 and $0.15.

Can X End the Spam?

Elon Musk‘s main focus today is on eliminating the rampant spam on the social media giant. Bots, spam monsters powered by artificial intelligence, and scammers constantly fishing for victims on Twitter make X unbearable. Especially, the intense spam under posts by new accounts is quite exhausting for users.

X (Twitter) introduced a Premium membership system to combat this issue. Moreover, with the introduction of a pay-per-view feature, bot accounts have evolved into a different realm. While accounts that farm views and overwhelm Twitter with AI-powered comment responses are currently unstoppable, Elon Musk believes that charging a small fee for new accounts to make posts could be beneficial.

It appears that accounts without certain activity or history, or those created immediately after the rule implementation, will not be able to post without paying a fee and will remain as readers only.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 15 April, 2024 - 9:34 pm 15 April, 2024 - 9:34 pm
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