If you're stopping by for the first time and you haven't already and you want to, please subscribe.

After Elon Musk's acquisition talks progress on Twitter...Will Dogecoin be Twitter's original digital currency?

 

After talks of Elon Musk's acquisition of Twitter resurfaced, several speculations emerged about the possibility of Dogecoin becoming Twitter's official digital currency.


In the latest development, Elon Musk proposed to buy Twitter at the original offer price of $54.20 per share.


In this context, Elon Musk's close association with the DOGE project has led to new speculation.


Some in the Dogecoin crypto army on Twitter have questioned whether Dogecoin is likely to be the official cryptocurrency on Twitter.

The impact of “Elon Musk” and the possibility of adopting the digital currency Dogecoin:

Dogecoin is the largest meme coin in the cryptocurrency market with a market capitalization of $8.58 billion.


Elon Musk has in the past mentioned the word DOGE in his tweets on several occasions.


Any mention of Dogecoin by the founder of Tesla led to an immediate jump in DOGE prices on most occasions.


With reports of a new proposal from Elon Musk to acquire Twitter, the meme coin has seen a significant rise in its price.


In the last hour, the price of Dogecoin increased by as much as 6.5%.


As of this writing, DOGE is at $0.064, up 6.87% in the past 24 hours, according to CoinMarketCap.


The current price level is close to the monthly high of Dogecoin, estimated at $0.067, and if this indicates anything, it means the extent influence of “Elon Musk”.

Will Dogecoin become the platform's official currency if Elon Musk buys Twitter?

It remains to be seen if DOGE will become Twitter's official digital currency.


The proposal comes on the heels of an ugly legal battle over Musk's interception of Bot's Twitter accounts.


At one point, the Tesla CEO withdrew his offer to buy Twitter due to the latter's lack of transparency about bot accounts.


In May of this year, he told Elon Musk that he had paused the Twitter takeover deal, which remained subject to checking for spam and fake accounts.


The $44 billion deal has been put on hold due to pending account details that spam or fake accounts account for less than 5% of users.


Musk emphasized the need to remove spam bots and programs from the social media platform.

Comments

Post a Comment


To stay up-to-date with all of our latest content, please consider following us on social media.




Popular posts from this blog

Create a Payza account Free in 2 minutes!

Image
Payza is a free online payment service, like Paypal, Neteller and Payoneer, allowing you to send, transfer and receive money online very easily and securely. And you can also transfer money to your bank account or add it to your Payza account. How to open / create a Payza account? Registration is quick and easy, just click here www.payza.org then: - Click on "Sign up" and choose your type of account you want "Personal Account or Business". - Fill in your personal data correctly: Your no name and first name, email address and password "Enter at least 8 characters, include capital letters, lowercase letters, numbers and symbols". After your registration do not forget to check your mailbox to confirm your registration. Wait! Things are not done yet, let's talk about services, which Payza offers its members: 1. Opening an account for free and without annual fees. 2. Send money fast and safely. 3. Receive your payments quickly and sec
Read more

The latest information about the new Facebook Cryptocurrency

Image
Some time ago, we became aware that Facebook was planning to launch its new currency, but now we have more and more assurances about it. The new currency will enable users to make purchases through various Facebook platforms such as Messenger, WattsApp and Instagram, whether the user has a bank account or not. BBC sources indicate that Mark Zuckerberg has engaged in a lengthy dialogue with the Bank of England Governor on the subject.
Read more

Binance and its CEO are under surveillance, according to the “Wall Street Journal”

Image
  Binance, the leading digital currency trading platform, faces legal and operational challenges that may determine its future course. According to information obtained by the Wall Street Journal from undisclosed sources, Changpeng Zhao, known as “CZ,” may be subject to criminal charges by the American authorities after a period of investigation. Despite the obstacles Binance has faced recently, such as the departure of some senior staff and extensive layoffs, there are those who remain optimistic about the sector’s ability to recover, such as Matt Hogan of Bitwise, who sees the field as strong and resilient. Despite these challenges, Binance co-founder Yi He confirms that the company will overcome these difficulties. Confidence within the company is wavering, especially with Binance's trading volume falling to half of global trading from 70% at the beginning of the year. Previous reports indicated that US authorities are considering accusing Binance of illegal practices, which thr
Read more

Digital encapsulated tokens issued by FTX or Alameda are no longer redeemable!

Image
  Following FTX's Chapter 11 bankruptcy filing, the encapsulated cryptocurrency issued by crypto exchange FTX or its sister trading partner Alameda Research has now been hit by a significant drop in prices. According to Coingecko data, the bitcoin encapsulated on Sollet has fallen by more than 60% in the past 24 hours, significantly below the value of the original bitcoin. In contrast, the price of Ethereum encapsulated on Sollet also fell but by only 8% over the same 24-hour time frame. It should be noted that for both encapsulated digital tokens, soETH and soBTC, Coingecko displays a warning notice on its website that: SOBTC digital tokens are encapsulated with bitcoin tokens issued by FTX or ALAMEDA. These two entities have filed for Chapter 11 bankruptcy, so the original cryptocurrency is no longer recoverable. Cryptocurrencies, such as Bitcoin or Ethereum, on Solana make these assets available for use on the Solana blockchain so that users can hold or trade them in place of ac
Read more

The Middle East and North Africa is the most growing region in the crypto market according to the latest research

Image
  The cryptocurrency sector continues to grow continuously across the globe, with the Middle East and North Africa (MENA) region has emerged over the past year, as it recorded the highest growth in the volume of cryptocurrency transactions year on year compared to all transactions in other regions. As the reports confirmed, the Middle East and North Africa region recorded an increase in the volume of cryptocurrency transactions by 48% between June 2021 and June 2022, the largest increase in the world, according to the new Crypto Geography 2022 report published by crypto analytics platform Chainalysis on October 20.  The Middle East and North African countries are at the forefront In second place comes Latin America with year-over-year crypto transaction volume growth of 40%, followed by North America with an increase of 36% and Central and South Asia with 35%. East Asia recorded the slowest growth at just 4%. According to the report, the reason for the growth of the MENA region can be
Read more