Dogecoin Rises With Elon Musk’s Twitter Claims: When Will The Purchase Take Place?

Dog themed meme token dogecoin, due to the general market situation, spent the summer months stagnant. DOGE has become the second most valuable cryptocurrency in the last 24 hours due to various allegations about Elon Musk’s Twitter purchase.

According to various news sources Elon Musk held a closed-to-press video conference last Monday. According to the allegations, Musk, who met with his partners in the meeting, twitter He shared that he expects the acquisition to be completed next Friday.

In this context, it is expected that the agreement between Elon Musk and Twitter will be completed and the purchase will be realized by 00:00 on October 29.

On the other hand, Elon Musk’s entrance to the Twitter building with a sink was on the agenda of social media.

Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

— Elon Musk (@elonmusk) October 26, 2022

According to sources, the partners Musk talked to include the Qatar Investment Fund, some prominent Wall Street figures, and an unnamed cryptocurrency exchange.

The Delaware court judge overseeing Elon Musk’s Twitter purchase announced in early October that the purchase would expire on October 28.

According to the latest report from Bloomberg, Musk does not have any financial problems with the Twitter purchase. Elon agreed with many banks to finance Twitter and prepared the documents. Banks are waiting for the finalization of the purchase for financing.

Dogecoin Rises 15% in 2 Days!

After the news about Elon Musk, Dogecoin has gained 15% in the last 48 hours. DOGE diverged from the overall market, rising more than Bitcoin. The meme token has gained 6% against Bitcoin today.

Analysts think that DOGE can push the $0.09 level again, with the clear pricing of the likelihood of the claims becoming true.

DOGEpushing the level of $0.07 as of writing date.