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The blockbuster deal between @elonmusk and Twitter is being underestimated by the web 3 community.
I've been reading between the lines and believe $DOGE. $SHIB, $DC, and $BONE are about to lead the crypto markets.
Here's why $DOGE is a π€ killer!
𧡠β
Elon has come out and admitted that he is overpaying for Twitter.
What interested him in Twitter to begin with?
He has a vision for a new everything app called "X" the everything app. This acquisition speeds up the process for this vision by 3 to 5 years.
thestreet.com/technology/elon-musk-makes-a-confession-about-twitter
He has had similar conversations with Twitter and Boring Company executives.
The idea, small micropayments to post messages. It will greatly reduce bots, spam, and other unwanted content.
His choice of currency... you guessed it. $DOGE!
coingape.com/web-stories/elon-musk-wanted-to-charge-doge-to-use-twitter/
Easy decision for SBF due to his ownership of @FTX_Official and a large share of @RobinhoodApp.
He could onboard insane amounts of new users to both platforms by integrating early on with Twitter. Big $$$'s
Even without him being in the Twitter deal, I'd bet they work together.
Speaking of making money... coincidence that Boring Co. sold burnt hair perfume for $3M in memecoins? Perfect way to build a position before the deal.
It also avoids the SEC, just saying. Elon raised $3M for Boring Company, prior to this DOGE/SHIB pump.
twitter.com/RealTeslaNorth/status/1582555192880353280?s=20&t=rhp6YO0_LjcAicrb-zBSPQ
Now, @elonmusk has also hinted at taking on YouTube with their own video platform while rewarding creators with tipping and other revenue streams.
$25-30B market and moves in the direction of WeChat with tweets, videos, payments, and messaging π
He has also been hinting at finding creative ways to reward creators. If you thought Twitter engagement farming was bad now, it's about to get worse.
I think creators should be rewarded though, and I say this with absolutely zero bias π
If you now believe that Twitter is moving to web 3, let's discuss the effects.
I'll dive into some charts that everyone might not agree with but they are presented to be thought- provoking. Do your own research and TA!
Let's start by zooming out.
My research on $DOGE started when @bakeobits (private) posted this insane $DOGE log chart in Sept. $DOGE at $200 by 2026... insane and unlikely for so many reasons.
But what if...? How would it happen?
What if I'm Elon/SBF/Dorsey and want to profit from this as much as possible? How would I do it?
I'd make every micropayment, tip, or engagement not only require $DOGE, but also burn some.
Boom it's deflationary overnight with a massive userbase and utility! π―
Could we see a scenario where $DOGE and other memes end up leading the market?
Retail loves Elon and any announcement that memecoins will be implemented into Twitter will spark their attention and could kick off a ton of interest across crypto.
If this speculation is correct and he announces that Twitter will become fully web-3 with $DOGE support, what happens next?
I'd assume it peaks retail interest, crypto fully sends for a month or two before macro takes hold again through 2023.
Dogechain highlights that they are working with Robinhood to bring that $2.7B onchain and reserved 1% of $DC supply for Robinhood users.
9% of $DC supply is also allocated for "Loyal Shibes" which is airdropped monthly based on the amount of $wdoge you hold in your wallet.
Robinhood users will have a wallet, get a taste of free money, and be able to get a 10x larger airdrop just by holding their tokens on Dogechain instead of Robinhood.
Zero reasons not to do it... not your keys, not your coins.
I've taken some small positions in @kibbleswap which is the largest DEX on @DogechainFamily and pays out swap fees to users in the form of $DOGE.
Overtime emissions slow drastically and with swap fees could even become deflationary while paying fees in $DOGE.
The other main DEX is @Yodeswap which has been crushing it with partnerships and community building. Its emissions/dilution are very high but small changes and this could send, they pay swap fees in $DC weekly.
I've also scooped a small stack of @RealDogePunks and a few other NFTs onchain. If @DogechainFamily does take off, some of these could end up being very valuable, and currently, they are mostly $100 or less.
also just a fan of these...
With $DOGE / $DC set up to do well if my speculation is correct, it also means that $SHIB should follow. $BONE is the gas token for the new $SHIB chain and both tokens are already deflationary making them attractive from a supply standpoint.
I plan to accumulate all of the above tokens over the next 12 months and will continue to highlight strategies around them.
Even though Twitter is being purchased this week, insane volumes mean some of these tokens are overbought. I plan to be patient and DCA in overtime.
Disclaimer -
None of this is financial advice and please do your own research.
I've been in these positions for awhile and am using this thread to consolidate my thoughts.
Most tokens go to zero and I'm a scientist that has no idea what I'm doing. No bill nye...
Hopefully Elon doesn't just delete Twitter and leave. If so, it was nice knowing all you.
Goodluck and hope you enjoyed.