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Dogecoin’s Elon Musk-inspired rally has slowed after reports that Twitter has stopped working on its highly anticipated crypto wallet. Elon Musk’s Twitter has allegedly Towards the end of October, researcher Jane Manchung Wong tweeted out developing details about Twitter’s potential plans to launch a crypto wallet. She stated that the According to new rumours, Twitter has halted its intentions to build and release a cryptocurrency wallet that would accept Dogecoin. At one time, the price of the asset After Elon Musk took over Twitter, DOGE prices spiked as investors anticipated he might push for crypto-friendly policies. According to the report, Twitter has The sell-off comes after tech news website Platformer reported that Twitter has halted development of its cryptocurrency wallet. “A recently revealed plan to build a crypto Ever since Elon Musk acquired Twitter a host of structural changes have been implemented Right from top executives being fired to changing the designation on his bio The DOGE price recorded double-digit losses (-10%) at times over the past few hours. The sell-off comes after tech news website Platformer reported that Twitter has halted development of its Social media platform Twitter has halted its plans to build a crypto wallet as part of ongoing changes kickstarted last week by its new owner, Elon Musk, the online publication Platformer Crypto. Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash. More Topics. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race

Twitter Pauses Crypto Wallet Development: Dogecoin (DOGE) Price Plunges

Dogecoin’s Elon Musk-inspired rally has slowed dramatically. The DOGE price recorded double-digit losses (-10%) at times after reports surfaced that Twitter has stopped working on its highly anticipated crypto wallet. The sell-off comes after tech news website Platformer reported that Twitter has halted development of its cryptocurrency wallet.

The news sent shockwaves through the crypto community, particularly among Dogecoin holders who anticipated the meme coin would gain significant utility through integration with Elon Musk's Twitter (now X). After Elon Musk took over Twitter, DOGE prices spiked as investors anticipated he might push for crypto-friendly policies. A crypto wallet within the platform was seen as a key element of this potential integration.

What Happened to the Twitter Crypto Wallet?

According to new rumors, Twitter has halted its intentions to build and release a cryptocurrency wallet that would accept Dogecoin. “A recently revealed plan to build a crypto wallet...” has reportedly been shelved, casting doubt on the future of crypto integration within the platform. Social media platform Twitter has halted its plans to build a crypto wallet as part of ongoing changes kickstarted last week by its new owner, Elon Musk, the online publication Platformer reported. Ever since Elon Musk acquired Twitter a host of structural changes have been implemented Right from top executives being fired to changing the designation on his bio.

Early Signs and Expectations

Towards the end of October, researcher Jane Manchun Wong tweeted out developing details about Twitter’s potential plans to launch a crypto wallet. She stated that the...initial signs were promising. At one time, the price of the asset...Dogecoin, surged on speculation. However, these hopes have now been dashed, at least for the foreseeable future. According to the report, Twitter has...not yet commented officially on the reasons behind the decision.

Impact on Dogecoin and the Crypto Market

The news of Twitter pausing its crypto wallet development has had a direct and negative impact on Dogecoin. Dogecoin’s Elon Musk-inspired rally has slowed. While other factors may be at play in the broader crypto market (including Cardano Dogecoin Algorand Bitcoin Litecoin Basic Attention Token Bitcoin Cash fluctuations), the Twitter news clearly contributed to the recent DOGE price decline.

Elon Musk's Twitter and Crypto: A Changing Landscape

Elon Musk’s Twitter has allegedly... changed direction regarding crypto initiatives. The decision to halt crypto wallet development suggests a shift in strategy regarding cryptocurrency integration on the platform. Whether this is a temporary pause or a permanent change of plans remains to be seen.

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