Dogecoin pops

The microblogging platform formerly known as Twitter will transcend the social media space, morphing into an "everything app" resembling WeChat in China, potentially placing Dogecoin into the center of a mobile payments boom. Or so we are led to at least consider as plausible, based upon the past two days of performance for DOGE.

As of Tuesday, at 7:25 a.m. (EST), DOGE had gained 4.5% in the past 24 hours. Now on the verge of eight cents (a level unseen since April), the eighth-largest digital asset has a spring in its step despite having spent the bulk of July stagnating around six cents. No other Big Ten coins are green today.

A second straight day of positive performance comes amidst revived speculation surrounding DOGE's future use for payments on Twitter, which earlier this week was rebranded to X by owner Elon Musk.

One other coin heard jingling about on a quiet Tuesday is Trust Wallet's TWT.

TWT has gained 5.8% since this time yesterday. It reached an all-time high of $2.72 this past December. Perhaps Worldcoin's attention-grabbing debut yesterday has some crypto investors drawn moth-like to the illumination on the future of crypto hardware. A quick check of TWT saw it clinging to the No. 99 spot on the CoinGecko list of 100 coins with market capitalizations of at least $375 million. TWT touched $0.93 earlier today; it now has a market cap of roughly $388 million.

Yes, Bitcoin lost more ground. But the damage is scant (-0.4% in 24 hours) and the $29K level has held in the wake of the latest round of regulatory pressures surrounding Binance, the world's largest venue for buying/selling digital currency.

While the largest coin slightly dipped overnight, the second biggest, Ethereum, is flat as can be. As of 7:41 a.m. (EST), ETH's 24-hour performance stood at 0.0% as it huddled near $1,850. ETH hasn't tasted $2K in two weeks.

However, a new report from Fidelity Digital Assets lays out a bullish case for ETH looking out over the rest of this year.

And then there is Litecoin, lucky No. 13 on the charts, and yet another large-cap crypto that managed to notch a 0.0% return in 24 hours. Halving event excitement waning, LTC has been struggling to get back above $90, slogging along a stretch of uphill road stuck in low gear. Santiment, it's worth noting, has just spotted an uptick in LTC trading volume. The LTC block-rewards reduction is set to happen on Aug. 2.

Speculation (in South Korea, largely) that Twitter (now called X) will soon (in coming months) accept DOGE has sent the original memecoin on a run. DOGE popped by as much as 10% in 24 hours at one point earlier today.

What's being gamed out, apparently, is a freshly envisioned scenario in which advertisers use DOGE to pay for ads on the rebranded platform which is trying to transform into a town-hall forum that also has myriad other functionalities.

Drawing parallels with Tesla accepting DOGE for its products, Kryptomon's marketing chief, Tomer Nuni, told CoinDesk that businesses associated with Musk seem ready to start embracing crypto.

Real Vision CEO Raoul Pal theorized Musk might leverage Dogecoin as a means of payment for creators on the platform (CryptoGlobe).

While not impossible, it will be an uphill battle to transform Twitter into a so-called “super app,” Axios has said.

"Users will need very powerful reasons to switch their ride-hailing, payment-sending, goods-purchasing and other behaviors from their favorite current apps to Musk's new product," Axios said.

Meanwhile, the backlash against Worldcoin’s iris biometrics project is in full swing. Ethereum's co-founder Vitalik Buterin has major concerns that he spelled out in a blog post underscoring how each user's iris would be scanned via a piece of specialized hardware called the Orb; and, said Buterin, "if even one Orb manufacturer is malicious or hacked, it can generate an unlimited number of fake iris scan hashes."

Additionally, the UK Information Commissioner’s Office today told Reuters it will be eyeballing this project.

“We note the launch of Worldcoin in the UK and will be making further enquiries," said a spokesman for the office. "Organizations also need to have a clear lawful basis to process personal data. Where they are relying on consent, this needs to be freely given and capable of being withdrawn without detriment.”