Dogecoin can be of many things to all investors: from being a meme coin to a sh*tcoin. It just might have heralded a spark to a serious altseason rally.

Following the latest development of Twitter's status as a private company, with Elon Musk at the helm, it created a series of rumors, predictions, and proclamations regarding his plans for the social platform and DOGE itself. But before some of you decide to chime in here, let me be brief on what I think might be the sole reason the memecoin is gaining more attention than ever.

While it is easy to recall that Tesla had sparked the last bull market rally that took Bitcoin near the mid-$60k region, Elon's obsession with Dogecoin was what brought its overall market valuation higher within the Top 25 cryptocurrencies ever since -- with the likes of Polygon, Solana, and other altcoins throughout 2021 (DOGE is now #8 according to CoinMarketCap currently). And now, with the focus on Twitter's implementation of the blockchain to its platform, it would not be surprising to everyone here that DOGE is among the top choices regarding the social network's plans.

What would it mean exactly for the market as a whole? Simply put, mainstream adoption was what the crypto industry would want to see out of in terms of full-scale utility. And Elon's plans with DOGE is a surefire way to do it.