The Dogecoin price has fallen by 4% in the past 24 hours, following news that Donald Trump, the 45th President of the United States, has had his Twitter profile reinstated. DOGE remains up by 23% in the past week and by 14% in the last 30 days, with Trump's return to Twitter fuelling expectations that Elon Musk will also realize other promises he has made for the social network, including the integration of Dogecoin payments.

That the DOGE price is up over the medium term is all down to Musk's $44 billion acquisition of Twitter, which was completed at the end of October. Coupled with earlier suggestions that he may integrate the altcoin somehow, this takeover fuelled a market-beating rally, although it has recently been subdued by the FTX bankruptcy and the resulting industry-wide fallout.

For someone who announced his 2024 presidential bid with a sizeable rally, Donald Trump has done nothing with his return from Twitter exile except update his bio.

The impeached president's return to the social network follows a poll from new owner Musk, who gauged the views of users (and presumably bots) on Trump being accepted back onto Twitter. In turn, this poll followed earlier suggestions from Musk himself that he would reinstate Trump's account.

While Trump himself has no direct bearing on dogecoin (as far as we know), it nonetheless offers an indication that Musk is serious about implementing the changes he proposed when his acquisition of Twitter was still being negotiated/processed.

And as Dogecoin supporters will no doubt already know, one of these changes includes the introduction of DOGE payments. In particular, Musk mooted the possibility of enabling users to pay for the Twitter Blue subscription service using the altcoin,