Crypto
Musk Takeover Of Twitter Could Make Dogecoin (DOGE) Twitter’s Native Currency
Published
12 months agoon
Once again, there are talks of an Elon Musk Twitter takeover, and there is speculation that Dogecoin (DOGE) will soon become the official native currency of Twitter. Once again, there are talks about Musk interested in taking over Twitter, and he is once again offering for the original offer price of $54.20 a share. Coupled with the close association of Elon Musk with the Dogecoin (DOGE) project, a whole new equation is now emerging. A section of the DOGE community is wondering if Dogecoin could become the native coin of Twitter.
The Elon Musk Influence On Dogecoin (DOGE)
Dogecoin (DOGE) has come down from being a meme coin in the crypto market to a crypto asset with a current market capitalization of $8.58 billion. Musk and DOGE have a unique relationship, and the values of the canine-based coin fluctuate according to the tweets of the Tesla CEO. Any mention of the meme coin by Musk inevitably leads to a surge in the coin’s value. The rumors of a fresh attempt by Musk to takeover Twitter have once again led to a massive surge in the prices of Dogecoin(DOGE)
When reports last came in, DOGE was changing hands at $0.06333. In the last 24 hours, it surged by – 4.16%. It witnessed a 24 hrs low of $0.0606 and a high of $0.06646. DOGE Market Cap stood at $8,400,870,265, and DOGE 24H Volume stood at $1,098,537,396 according to price tracking platform CoinMarketCap.
Original Offer Stands
As per a Bloomberg report, Musk has decided to buy Twitter for the original offer price of $54.20 per share. The head of SpaceX proposed in his latest message to Twitter. The latest proposal has positively affected the values of Twitter, whose share prices surged by 12.67% on the day. The news has also sent the DOGE community bristling with activity, and the social media is agog with expectations.
A Twitter enthusiast by the name tunez.eth asked whether DOGE could become the official native currency of the platform.
“If Elon Musk buys Twitter, does $DOGE become the currency of Twitter?”