Dogecoin (DOGE) Catapults 32% As Elon Musk Enters Twitter Headquarters
Dogecoin (DOGE) Catapults 32% As Elon Musk Enters Twitter Headquarters
DOGE/USD
-2.04%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
TSLA
+0.20%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Elon Musk’s Twitter acquisition is planned to be finalized this Friday. That’s a crucial step for the crypto industry, as the crypto-friendly CEO of Tesla (NASDAQ:TSLA) & SpaceX had previously mentioned including Dogecoin (DOGE) for tipping on the micro-blogging platform.
Today, Elon ‘The Dogefather’ Musk shared a nine-second video of him entering Twitter’s headquarters in San Francisco, California. Making a flamboyant entrance with a sink in his hands, Musk’s message was clear: “Let that sink in.” On top of that, Elon Musk’s profile bio now proudly reads “Chief Twit.”
Everyone is getting in sink.
— Michael Saylor (@saylor) October 26, 2022
Elon Musk Vs. Twitter Staff Controversy
Previously, Elon Musk mentioned Twitter needed an extreme makeover and part of this might include a mass layoff. According to previous interviews, Elon Musk plans to get rid of 75% of Twitter’s staff. Naturally, the statement received backlash from the current employees.
BREAKING: ELON TELLS TWITTER EMPLOYEES THEY CAN WORK FROM HOME JUST NOT FOR TWITTER
— optimistic zerohedge (@zerohedgeparody) October 26, 2022
On the other hand, the move represents a switch that can be beneficial for the whole crypto community. Mr. Musk’s aim is to transform the company into Web 3.0, including the initiative to integrate a native crypto wallet on Twitter.
Furthermore, Musk’s Twitter makeover strategy is supported by big players in the crypto world. As Michael Saylor expressed his support for Elon Musk earlier, it’s no surprise that Binance’s CEO Changpeng Zhao is eager to invest another $500 million in the Twitter deal.
Dogecoin (DOGE) Escapes The Spooky Bears
The top dog cryptocurrency has been floating above and beyond the crucial resistance line at $0.06 for several months. The prolonged crypto winter took its toll on the dog-themed crypto, as it’s nowhere near its ATH. However, trouble for the canine coin seems to be finally over.
At press time, the 10th ranked memecurrency is priced at $0.076274, according to CoinGecko. The bullish trend inspired a 13.9% daily run, while on weekly terms the memecoin gained an impressive 32%.
On the Flipside
- Some interviews suggest that Elon Musk has dropped the idea of laying off 75% of Twitter’s staff.
- However, the social media platform is still likely to undergo an extreme makeover.
Why You Should Care
The finalization of Musk’s Twitter deal might have an enormous positive impact on the crypto industry beyond DOGE.
Follow the latest adventures of Elon Musk and his DOGE in:
Dogecoin (DOGE) Hits Crucial Milestone Amid Elon Musk’s Ukraine Controversy
Dogecoin (DOGE) Rises Above Support Line as Elon Musk Sells Fragrance in DOGE
See original on DailyCoin
