Twitter’s $Cashtags Function enables users to view the price of specific cryptocurrencies
Twitter’s $Cashtags function now includes 30 additional digital assets: The social media site Twitter has disclosed the inclusion of 30 more cryptocurrency tokens to its $Cashtags function, which enables users to view the price of specific tokens. The new $Cashtags feature was unveiled on December 21, 2022, the business claims, via the Twitter Business account.
According to recent information, an additional 30 tokens have been added to the list of this new feature’s initial connected currencies with Bitcoin and Ether. Tether, XRP, Binance USD (BUSD), Cardano, Solana, Polygon (MATIC), Litecoin, Dai, Avalanche, Uniswap, Dogecoin, and Shiba Inu are some of the top 30 tokens out of the 50 that the firm revealed.
Twitter explained that when a user tweets the symbol of a major stock, ETF, or crypto currency with a $ in front of it (like $BTC), they will see a clickable link that takes them to search results. The search results will show the pricing graphs. Further, users can also search for symbols directly, without clicking on a link within a tweet. “Most symbols with and without the $ sign will work in search,” said Twitter Business account in the tweet. Twitter also said that in the coming weeks, “we’ll refine the user experience and expand our coverage of symbols.”
Elon Musk appreciates the feature and tweeted “One of many product improvements coming to financial Twitter! Nice work by the Twitter team.” Musk has also pointed toward the end of his tenure as the CEO of Twitter. That is when posted a poll asking if he should step down from his post and 57 percent of the responses were yes. He also mentioned that he will leave the role only when he finds someone else to take over him. Twitter has been working on bringing new updates and features to the platform for better user experience and cashtags seem to be one of them.
The Dogecoin Twitter community expressed their support for the recent inclusion in the wake of this decision. Elon Musk’s joy with the most recent decision is then mentioned. The following coins were dropped from consideration by the company: BNB, USD Coin, OKB, Lido Staked Ether (STETH), Polkadot, and Tron.
Recent sources have proven that the price index not only has a link to view the cryptocurrency on the online trading site Robinhood but also receives data from TradingView. However, the two parties’ partnership agreement has not been published in any official capacity.
The original announcement from the Twitter Business account indicated incorporating more cryptocurrencies, but the most recent data does not include information on more tokens.