Elon Musk’s Return To Twitter Purchase Deal Boosts Dogecoin By 10%
On hearing that Elon Musk was rejoining the bid to acquire Twitter, Dogecoin ended yesterday up 10%. In an earlier statement, Elon Musk claimed that in the event that Twitter was acquired, he would explore implementing DOGE payments.
Mid-trial October’s on the Twitter contract appeared to have reached a standstill. Musk and the administration of the social network would argue over the decision to forego the initial goals. As it turned out, the founder of Tesla is still willing to withdraw his offer and purchase the business for roughly $44 billion.
According to the social network’s official account, Twitter is prepared to accept the billionaire’s offer. After the deal, it is anticipated that a Twitter-based application that incorporates many services will be developed. Along with Musk, a number of other investors and funds participated in the transaction, including Binance ($500 million).
Twitter blockchain – Elon Musk
Twitter’s move to blockchain is obviously not to be anticipated if there is still a chance for DOGE payments. When a representative of FTX founder Sam Bankman-Fried presented Musk a comprehensive idea earlier, the potential owner of the social network turned down the proposal. At the time, Musk claimed it would be hard to accomplish decentralization with a straightforward peer-to-peer system due to the size of Twitter’s internal architecture.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu