Twitter recently added 30 more tokens to its Crypto Price Index or $Cashtags feature. The $Cashtags service allows users to check the price of individual cryptocurrencies. Users only need to enter the name of the cryptocurrency to check its price. Twitter launched this feature in 2012 but added cryptocurrencies on December 21, 2022.
Importance of this decision and the $Cashtags feature
Users of the social media platform are already applauding this move by Twitter. Now they can search the current price of ETH, BTC, XRP, DOGE, LTC, BUSD, SOL, ADA, DAI, AVAX, UNI, SHIB, BNB, USDC, OKD, LIDO, DOT, TRX, BCH, XLM, MANA , and SAND, etc. the platform’s new CEO, Elon Musk, is a strong supporter of DogeCoin (DOGE).
Twitter added the $DOGE checkout label!
— 💸💸💸 (@itsALLrisky) January 12, 2023
As seen above, one of the users shared the excitement and gratitude for adding $DOGE to $Cashtags. This new addition will make access to crucial information about a cryptocurrency, such as its price, accessible. TradingView enables price information on the platform in the $Cashtags feature.
In the list of new cryptocurrencies, Twitter added the top 20 through market capitalization at the time of acquisitions.
Another feature of the Cashtags feature is its direct access to the prizes page. When a user adds a $ symbol in front of eligible stocks and cryptocurrencies, it generates a clickable link. This link will take users to the pricing page.
In December 2022, the platform also improved his search results for Cashtags. It now displays real-time price charts. The company’s developers will gradually add more cryptocurrencies to the mix, but the timing of the addition is undecided.
In addition to pulling information from TradingView, the price chart will also include a link to the Robinhood trading platform. At this point, there is no evidence of a formal partnership agreement between Twitter and Robinhood.
More Crypto Updates Coming to Twitter
Elon Musk is the face of Twitter 2.0. Under the leadership of its new CEO, the social media platform will continue to add more cryptocurrency-specific features and functions. Starting with Cashtags, the company will also enable crypto payments down the line.
Slides of my corporate speech on Twitter pic.twitter.com/8LLXrwylta
— Elon Musk (@elonmusk) November 27, 2022
These slides hint at Elon Musk’s new vision for the future of the social media platform. In all these discussions and updates, users assume that Elon Musk will have a special place for Dogecoin.
As the social media platform advances, it increases the volume of crypto-verse integration. Will Twitter bring new features in addition to the attempted crypto payments to the platform? Stay tuned for the update.
Featured image by Joshua Hoehne from Unsplash.com, charts from TradingView.com.