David Gokhshtein sees Dogecoin hitting a new all-time high should the speculated Twitter integration materialize.
Taking to Twitter, founder of Gokhshtein Media and former US Congressional candidate David Gokhshtein predicted a possible surge to a new all-time high for Dogecoin if the speculations of the asset’s integration into Twitter’s payment system are valid.
Following billionaire Elon Musk’s takeover of Twitter, several cryptocurrency proponents have claimed a possible implementation of a payment system that includes Dogecoin. The billionaire’s advocacy for the meme coin has fueled these speculations.
Musk recently gave the community hints of a possible Twitter and Dogecoin partnership, causing the asset to surge to levels not seen in over five months. Gokhshtein believes this relief rally could lead to a rise above the asset’s previous ATH if the integration materializes.
“If it’s true from Elon’s hint yesterday about possible implementing $DOGE into Twitter, it easy will pass its ATH,” Gokhshtein remarked in a tweet Wednesday.
If it’s true from Elon’s hint yesterday about possible implementing $DOGE into Twitter, it easy will pass its ATH.
NFA — but it went to $0.76 with any of this stuff being thrown around.
— David Gokhshtein (@davidgokhshtein) November 2, 2022
Gokhshtein highlighted that DOGE could rally to its previous ATH above $0.74 in May of last year, even when speculations of a Twitter integration were not around to fuel a massive bullish atmosphere.
Meanwhile, the rumors of Musk implementing a DOGE payment for Twitter have persisted in the past few days. As The Crypto Basic previously reported, Dogecoin influencer Matt Wallace claimed that Musk confirmed to be currently working on a DOGE payment for the bird-themed social platform.
The Tesla boss himself has neither explicitly confirmed nor denied the recent speculations. For example, when asked if he plans to implement a Dogecoin payment for Twitter, Musk chose to dodge the question by replying with the eyes emoji.
Despite his refusal to state a definite standpoint, most of Crypto Twitter have chosen to believe the billionaire is making plans to implement a Dogecoin payment. Recall that Musk’s Boring Company debuted its “Burnt Hair” perfume in mid-October, allowing payments in Dogecoin.
The seemingly constant hints from Musk have been particularly favorable to Dogecoin. Consequently, the asset started November on a kindly note, surging to $0.15 on the first day of the month amidst these speculations.
Despite facing a fierce rejection at the $0.15 level, DOGE has held up quite well above the $0.13 zone. The asset has gained by 94% in the past week, currently trading at $0.1303 as of press time. Musk implementing a Dogecoin payment for Twitter will likely contribute to the asset’s recently-engineered rally.