Elon Musk’s bid to buy Twitter was unanimously approved by the board, a regulatory filing showed. DOGE, which had been rising all day on rumours of a potential deal approval, instantly reacted with 9% increase, bringing cumulative daily growth to almost 19%. At the moment, price per DOGE is 0.0685 cents, with total capitalisation of Dogecoin of 8.9 billion dollars.
As just became known in the New York Post, Elon Musk’s bid to buy Twitter was unanimously approved by the social network’s Board of Directors. DOGE, which had been rising all day on rumors of a potential deal approval, instantly reacted with a 9% increase, bringing the cumulative daily growth to almost the 19% mark.
At the moment, the price per DOGE is 0.0685 cents, with a total capitalization of Dogecoin of 8.9 billion dollars. This capitalization value puts the former memecoin, now a payment instrument. The main reason for the rapid growth of DOGE quotations lies precisely in the actions of the coin’s main supporter, Elon Musk.
In particular, no earlier than today, Musk stated that it makes sense to integrate Twitter payments, including crypto, and also advanced the idea of allowing Twitter Blue service to be paid in DOGE. After the news about the bid approval came in, the quotes surged immediately.Musk himself has not yet commented on the latest news.
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