Musk At Twitter Sees Dogecoin Value Soar

0

Last Updated on 28 October 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts

The simple sight of Elon Musk, CEO of Tesla and SpaceX, onsite at Twitter this week, was enough for the value of Dogecoin to increase by more than 13% in a day. Dogecoin adoption is expected to get a big boost after the takeover deal closes on Friday. Already we wonder what this will mean for the future.

Advertentie.

44 billion

Backed by a cheerfully green crypto market, the news of the week is quite largely dominated by the conclusion of the Elon Musk-Twitter saga. The billionaire is indeed preparing to acquire the social network as part of a 44 billion dollar deal. Elon’s favorite cryptocurrency Dogecoin sees its value soar.

Elon Musk has made the ultimate meme-crypto Dogecoin his quasi-personal territory of experimentation.

The highly influential social media profile of Musk alone managed to bring this cryptocoin back from marketcap limbo back in 2020, setting Doge up for center stage.

Furthermore, everything indicates that we haven’t seen anything yet. Indeed, the announcement of the takeover of Twitter by Elon Musk had a massive doping effect on the price of Dogecoin, which has seen its value literally explode for 24 hours. The meme-crypto reintegrates into the Top10 of CoinMarketcap with a total valuation of more than 10 billion dollars.

satheeshsankaran / Depositphotos.com