DOGE Surges On Reports That Twitter Will Reconsider Elon Musk’s Offer

Time Stamp: April 25, 2022 11:31 AM
Source Node: 1279554

DOGE surges on reports that Twitter will reconsider Elon Musk’s offer and he could acquire Twitter for $43 billion in cash so let’s read more today in our latest Dogecoin news.

The popular meme coin Dogecoin surged by more than 12% in the past few hours after the reprots that Twitter might reach a deal with Tesla and the SpaceX CEO Elon Musk. Musk is also a well-known DOGE pumper and has used social media platforms to shill the memecoin on a few occasions. The recent filings show that Musk earmarked $46.5 billion to acquire Twitter and the new reports show that DOGE surges on reports that Twitter is likely to sell the company for $43 billion in cash an offer the Tesla chief said is the best and final. The deal can collapse and sources close to the matter suggest that the deal can be completed by the end of today.

As recently reported, The Tesla CEO has 82 million followers on Twitter and pumped DOGE again and again and again before deciding that BTC has a strogn environmental impact with a bad look for Tesla. Even so, he partnered with Dorsey’s block to power a BTC mining facility in Texas. Now Musk offered to purcahse Twitter for $43 billion and hold the financial and tech cycles on his sleeve. Twitter’s board will likely reject the offer but it seems that the Twitter CEO Parag Agarwal sounds terrified.

doge price
DOGE 24-hour Price Chart (Source: coingecko)

What Elon Musk can change is to make these tools more accessible. The crypto tools don’t make a lot of sense if they are limited to only the biggest coin on the market. The point of crypto openness and decentralization is much bigger than just Bitcoin. Twitter is still a centralized company and a single billionaire buying it will make it less democratic but the tools like sending someone and verifying the ownership over an NFT via blockchain can help crypto go mainstream and bring normies but only if they are open to a wider range of cryptos, blockchains, and NFTs.

This is exactly what Musk wants to do. He listed opening up Twitter’s source code on Github and enabling DOGE for payments for the Twitter blue users among his priorities. Crypto luminaries are agreeing on the matter with FTX CEO saying that it will be on-chain, it will be trivial to integrate. Robinhood’s CEO also thinks DOGE can become the future currency of the internet.

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