The hashtag “PayMeInDogecoin” is trending on Twitter Inc.’s (NYSE:TWTR) social media platform within the U.S. at press time as backers of the meme cryptocurrency Dogecoin (CRYPTO: DOGE) look to push its value greater.
What Occurred: The hashtag had a tweet quantity of 32,700 at press time, indicating the assist it has from the Dogecoin group.
See Additionally: How To Buy Dogecoin (DOGE)
Supporters of the Shiba Inu-themed coin urged each other to push the hashtags “PayMeInDoge” and “paymeindogecoin” to the highest two trending spots on Twitter.
In the meantime, supporters of apex cryptocurrency Bitcoin (CRYPTO: BTC)try to make the hashtag “PayMeInBitcoin” trending within the U.S. as properly. The hashtag had a tweet quantity of 28,000 at press time.
Earlier this month, Dogecoin followers and supporters of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk – a serious backer of the meme cryptocurrency – had tried to counter supporters of Bitcoin by making the hashtag “WeLoveElon” trend on Twitter.
See Additionally: Famed Short Seller Says Bitcoin Hasn’t Bottomed Until Dogecoin Slips Below 1 Cent
Why It Issues: Cryptocurrencies, significantly Bitcoin, are seeing elevated mainstream adoption since late final 12 months.
It was reported in December that NFL participant Russell Okung agreed to obtain a portion of his wage as Bitcoin, marking the primary time knowledgeable athlete in any main U.S. sport will likely be paid within the apex cryptocurrency.
Earlier this month, San Jose Sharks turned the first NHL team to just accept cryptocurrencies comparable to Bitcoin, Dogecoin and Ethereum (CRYPTO: ETH) for giant funds. Different skilled sports activities groups that already settle for Bitcoin for funds embody the Dallas Mavericks and Sacramento Kings of the NBA.
Value Motion: Dogecoin is buying and selling 22.6% greater over the past 24 hours at $0.2834 at press time on Thursday. Bitcoin traded 6.7% greater at $34,925.34 over 24 hours at press time.
Learn Subsequent: Dogecoin Strikes Major Gains As Elon Musk Gives A Shout-Out To Meme Coin And Takes Digs At Bitcoin