• 1 Tesla CEO, Elon Musk, has been trying to turn X (Twitter) into an “everything app”. 

1 Tesla CEO Elon Musk는 X(Twitter)를 "모든 앱"으로 만들려고 노력해 왔습니다.

• 2 Musk is keen on having a “PayPal update” for X. 

2 머스크는 X에 대한 "페이팔 업데이트"를 원하고 있습니다.

• 3 Musk has also been discreetly supporting Dogecoin and plans on using it for payments in his “everything” app. 

One of the major highlights of 2023 was the purchase of popular social media company Twitter. Multibillionaire, and CEO of Tesla and SpaceX like companies, Elon Musk bought the microblogging platform. Recently Musk was reported to have a plan to create a blockchain-based social media and an “everything” app. He preferred Dogecoin (DOGE) for payment methods over the platform. 

Forbes reported that Musk set out on a mission to turn Twitter into the “everything app” called X last year. The Tesla CEO has shown interest in a significant “PayPal update” that has the potential to create turmoil in the prices of Bitcoin and other cryptocurrencies.

포브스(Forbes)는 머스크가 작년에 트위터를 X라는 '모든 앱'으로 바꾸는 임무에 착수했다고 보도했습니다. Tesla CEO는 비트코인 ​​및 기타 암호화폐 가격에 혼란을 야기할 수 있는 중요한 "PayPal 업데이트"에 관심을 보였습니다.

The upward momentum of Bitcoin’s price this year has slowed down in recent weeks. However, cryptocurrency traders are anticipating an eventful September. This decline in Bitcoin’s price has also had a downward impact on Dogecoin, which Elon Musk has referred to as his favorite Bitcoin alternative. 

Dogecoin, originally created as a meme-based fork of Bitcoin as a playful gesture, has seen its value affected by these market dynamics.

원래 장난스러운 몸짓으로 비트코인의 밈 기반 포크로 만들어진 Dogecoin은 그 가치가 이러한 시장 역학에 영향을 받는 것을 보았습니다.

It has recently come to light that Musk has been discreetly providing financial support for the development of Dogecoin. This support has continued despite Dogecoin’s price plummeting by 90% from its all-time high, which coincided with the declines seen in Bitcoin and other cryptocurrencies.

Before his acquisition of Twitter last year at a staggering $44 Billion, Musk contemplated the idea of establishing a fresh social media platform built on blockchain technology. 

According to an excerpt from the new book titled “Elon Musk” by his biographer Walter Isaacson, this platform could have featured a payment system utilizing Dogecoin, the semi-humorous cryptocurrency for which he had been providing quiet financial support.

The exact extent of Musk’s financial support or investment in Dogecoin remains unclear. However, he has previously expressed his ambition to “upgrade” Dogecoin with the goal of surpassing Bitcoin and becoming the predominant currency worldwide.

지난 7월, 비트코인, 이더리움, 도지코인과 같은 암호화폐에 개인 투자를 하고 있다고 밝힌 머스크는 자신의 X 계정에 도지코인 ? 기호를 은밀하게 통합했습니다. 이 조치는 Dogecoin 애호가 계정과의 수많은 계약과 동시에 이루어졌습니다.

Many observers in the Bitcoin and cryptocurrency markets speculated that Musk’s intentions for X could potentially be a “game-changer” of significant proportions.

Dogecoin had surged into the top ten cryptocurrencies in 2021, driven by meme culture and influencer-driven enthusiasm. However, it experienced a decline in 2022, along with the Bitcoin price and other prominent cryptocurrencies. 

Nevertheless, Dogecoin managed to retain a portion of its previous gains, resulting in a combined Dogecoin network valuation of approximately $9 Billion. 

그럼에도 불구하고 Dogecoin은 이전 이익의 일부를 유지하여 총 Dogecoin 네트워크 가치가 약 90억 달러에 달했습니다.

보도 시점 현재 DOGE 가격은 지난 주 1.6% 상승한 후 $0.63에 거래되고 있습니다.