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DOGE soars thanks to Elon Musk’s acquisition of Twitter



DOGE cryptocurrency soars in price as Elon Musk’s purchase of Twitter approaches. All indications are that Musk’s purchase of Twitter will be finalized next Friday.

The cryptocurrency DOGE has surged in the past 24 hours, with a rise of nearly 15 percent taking the asset above $0.7.. It is believed that the main reason for the asset’s growth is the expected purchase of the social network Twitter by billionaire Elon Musk.. The purchase is expected to take place next Friday Oct. 28at which point Musk would pay $44 billion for the purchase.

Musk offered to pay $54.20 a share for a stake in the platform last April, adding up the 44 billion and the acquisition of the entire platform. It only took the tycoon two weeks to repent and claim that the administration had lied about the conditions agreed upon for the purchase, claiming that the platform was full of bots and “…the platform was full of bots….”spam” from them. For this reason, in June of this year, Musk tried to back On the purchase, but the Twitter admin. would not allow it.

Earlier this month, Musk put his initial offer back on the table and agreed to pay $44 billion to buy the social network.. The agreed date, if all goes well, will be October 28.


Musk has been one of the most well-known supporters of DOGE, and in general, his comments and actions regarding the asset have caused its value to vary, both positively and negatively.. In this case, the fact that Musk became the owner of Twitter seems to have been taken as a positive fact, which increased the value of the asset. Currently, the price of DOGE is a long way from its peak of $0.6, but I expect it to continue to rise as more Musk-related news emerges.

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