Twitter recently added 30 more tokens to its Crypto Price Index or $Cashtags feature. The $Cashtags service allows users to examine the value of individual cryptocurrencies. The users need only type within the name of the cryptocurrency to examine its price. Twitter began this feature in 2012 but added cryptocurrencies on twenty first December 2022.
Importance Of This Decision And The $Cashtags Feature
The social media platform users are already applauding this decision by Twitter. Now they’ll search the present 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 recent CEO, Elon Musk, is a staunch supporter of DogeCoin (DOGE).
Twitter has added the $DOGE cashtag!
Clicking or searching $DOGE routinely brings up price data for #Dogecoin
Thanks Elon and $TWTR engineers! pic.twitter.com/f3GNb6Dkn9
— 💸💸💸 (@itsALLrisky) January 12, 2023
As seen above, one in every of the users shared the joy and gratitude for adding $DOGE to the $Cashtags. This recent addition will make access to crucial details about a cryptocurrency, like its price, accessible. TradingView enables the value information on the platform throughout the $Cashtags feature.
Related Reading: Is Elon Ditching Dogecoin? Twitter Prepares To Launch ‘Coin’ Feature
Within the list of latest cryptocurrencies, Twitter has added the top 20 by market capitalization on the time of additives.
One other function of the Cashtags feature is its direct access to the value page. When any user adds a $ symbol in front of the eligible stocks and cryptocurrencies, it’ll generate a clickable link. This link will take the users to the value page.
In December 2022, the platform also enhanced its Search Results for Cashtags. It now shows real-time price graphs. The corporate’s devs will regularly add more cryptocurrencies to the combination, however the timeline for the addition isn’t determined.
Along with extracting information from TradingView, the value graph may also include a link to the trading platform Robinhood. At this point, there is no such thing as a proof of a proper partnership agreement between Twitter and Robinhood.
More Crypto-Specific Updates Coming To Twitter
Elon Musk is the face of Twitter 2.0. Under its recent CEO’s leadership, the social media platform will proceed so as to add more features and functions specific to cryptocurrencies. Starting with Cashtags, the corporate may also enable crypto payments down the road.
Slides from my Twitter company talk pic.twitter.com/8LLXrwylta
— Elon Musk (@elonmusk) November 27, 2022
These slides hint at Elon Musk’s recent vision for the social media platform’s future. In all these talks and updates, users assume that Elon Musk can have a special place for Dogecoin.
Related Reading: Elon Musk Integrates Bitcoin, Ethereum Price Charts On Twitter, Where’s Dogecoin?
Because the social media platform goes forward, it’s increasing the quantity of integration to the crypto-verse. Will Twitter bring recent features besides the tentative crypto payments to the platform? Stay tuned for the update.
Featured image from Joshua Hoehne on Unsplash.com, charts from TradingView.com.