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Elon Musk wants to buy Twitter after all and offers 54.20 dollars per share. Now the possibility of Dogecoin integration has come again – and the DOGE course quickly goes through the roof.
Elon Musk, Twitter & Dogecoin
The Twitter deal is back in the air: Elon Musk has reportedly turned in his original offer of $54.20 per share to buy the company. The stock is up 12% as a result.
Musk discussed the possibility of paying for Twitter Blue’s premium service with Dogecoin before the deal collapsed due to concerns about the number of bots on the platform.
Bloomberg reports that an Oct. 17 trial in which a Twitter executive tried to sue Musk for leaving the original deal could not. Twitter’s board tried to force the sale through legal means. The court case would have made Twitter’s use of bots a public investigation.
DOGE price jumped 8% on the news to hit a local high of $0.066. The coin has declined 91% since its all-time high in May 2021. However, since the local bottom of $0.048 on June 18, 2022, it is up 31%.
Musk is also currently the subject of a $258 billion lawsuit. In which he is accused of distributing Dogecoin through a Ponzi scheme.
Musk’s influence on the DOGE course
DOGE price action does not deny Elon Musk’s business ventures. Whenever Musk mentioned DOGE over the years, the coin experienced a short-term spike in volume and price.
However, in June 2022, Musk denied the allegations, saying:
“I intend to personally support Dogecoin because I know a lot of people who are not so rich who encouraged me to buy and support Dogecoin. So I respond to these people.”
Musk’s last public comment on Dogecoin was in September. Since he was promoting a Cybertuck inspired whistle that could only be purchased through DOGE’s Tesla website. The whistle was available for 1,000 DOGE and is no longer available.
In May, Musk also offered Tesla merchandise that could be purchased with DOGE. While Musk has been relatively quiet on the Dogecoin front in recent months, he talks to a graphic designer at the Dogecoin Foundation almost daily on Twitter.
The Dogecoin community will be waiting with bated breath for the deal to go through and for Musk to fulfill his promise that Twitter users can also pay with Doge. Like what he did at Tesla.
Coincierge.de tip: Meme Tamadoge (TAMA) coin climber
The new meme base Tamadoge (TAMA) is also going up fast. The play-to-earn Dogecoin could be used within 24 hours 98% upgrade, one of the cryptocurrencies with the best daily performance!
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The influencers are the best @carldawkins16 @SmartCryptoNew1 @PlatoIndonesia @cryptobuz⚡️🚀 pic.twitter.com/oor569tz3m
— BlockTalks (@HiBlockTalks) October 4, 2022
Bullish for Tamadoge: The coin is about to get a new listing on the main crypto exchange, It should be available for purchase at LBank soon!
Buy $ TAMA Now on @ocx And Get Ready to Come #Bank Subscribe 🤩⬇️ https://t.co/ZvxpMrxeIa #crypto #altcoin #memecoin #invest #Tomato #ArmyTamadog pic.twitter.com/xwoU5C8Aiq
— TAMADOGE (@Tamadogecoin) September 30, 2022
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Text credit: Cryptoslate
Last updated on October 5, 2022
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