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Dogecoin shot up 31% in price just hours after Twitter accepted Elon Musk's bid to take the social media giant private. EverGrow Coin saw a 60% increase after strategically teasing a new NFT collection including Tesla and SpaceX branded assets for its new LunaSky NFT marketplace.
So what next for Dogecoin and EverGrow Coin after the Twitter buyout?
The EverGrow Coin price is currently $0.0000003553 – according to CoinMarketCap.
Next up for EverGrow Coin is the full launch of LunaSky. The NFT marketplace is tipped to attract investor attention as it's built on the cheaper and faster Binance Smart Chain (compared to the high gas fees on the Ethereum Mainnet).
A collection of 15,000 EverGrow Coin NFTs valued at $100 each will be the first to launch on the marketplace. The EverGrow Coin team has announced all profits will be used to buy back and burn EverGrow Coin, reducing supply to inflate the EGC price.
Later on, in Q2 the Crator content subscription platform will drop. Crator will aim to draw content creators into the crypto space by offering lower commissions (5%) than the likes of Only Fans (20%) and Patreon (9-12%). Combined with the instant transaction speeds that come with crypto Crator is expected to disrupt the content creation space when it drops.
The Dogecoin price is currently $0.1318. This is a 1% price increase in the past 24 hours and suggests an end to the week of losses in the Dogecoin price.
It comes as more news of the role Dogecoin could play is slowly being revealed. One of Elon Musk's chief aims to reform Twitter is to get rid of bot-driven spam on the platform.
Investor and Dogecoin backer Mark Cuban suggested on Twitter this week a unique mechanism that could see DOGE playing a role in fighting Twitter spam. Cuban suggested that Twitter users put up 1 DOGE to access unlimited posts. If anyone contests that a post or user is a spammer – and this is confirmed – they receive the 1 DOGE collateral as a reward.
If the contested post is not spam, the contestor loses their own 1 DOGE. Musk responded to both Dogecoin founder Billy Markus and Cuban to say it was a good idea.
Previously Elon Musk had suggested Dogecoin become a payment system on Twitter and sued to finance tips or even Twitter Blue subscriptions.
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