Elon Musk‘s earlier bid to buy Twitter was suspended due to various issues. According to the statements from the Musk front, the talks between Twitter and Elon Musk have started again. Of course, the re-ignition of these discussions also triggered Dogecoin speculation.
According to the statements from Elon Musk, he announced that the purchase offer at the original price of $ 54.20 was reactivated.
Elon Musk and Dogecoin Relationship Continues
The biggest meme coin in the cryptocurrency market currently has a market cap of around $8.58. On Elon Musk’s personal Twitter account dogecoin and frequently featured its native token DOGE. The shares of the famous billionaire about DOGE had a positive effect on the price as a result. News of the new bid for Elon Musk to take over Twitter had a positive impact on the meme coin price.
in the last hour DOGE price It rose to 6.65%. According to price monitoring platform CoinMarketCap, DOGE price is up 8.51% in the last 24 hours at $0.06558. The fact that the current price level is close to the meme coin’s monthly high of $0.067 speaks volumes about Elon Musk’s influence.
Original Offer In Progress
According to a report published by Bloomberg, Elon Musk is willing to buy at $ 54.20 per share, which was the subject of the offer before. The news of the acquisition caused a 12.67% increase in Twitter share price during the day. This news also excited the DOGE community. A Twitter enthusiast named tunez.eth is wondering if DOGE will become the official local currency of the platform. asked.
Of course, time will tell if DOGE will indeed become Twitter’s official local currency. The revised proposal came after an ugly legal battle over Musk’s objection to Twitter’s bot accounts.
As it will be remembered, Tesla CEO withdrew his offer to buy Twitter due to the lack of transparency in Twitter’s bot accounts. Earlier in the day, Ripple CEO Brad Garlinghousebrought up the topic of bots on Twitter. He said there are many verified scam accounts running on Twitter.
In May of this year, Elon Musk announced that he was temporarily suspending the Twitter takeover deal amid verification of spam and fake accounts. The $44 billion deal was put on hold pending details on the calculation that spam or fake accounts represent less than 5% of users. He emphasized that spam bots should be removed from the social media platform.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.