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.

Elon Musk’s Return To Twitter Purchase Deal Boosts Dogecoin By 10%

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

Elon Musk’s Return To Twitter Purchase Deal Boosts Dogecoin By 10%

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.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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