What future for DOGE after Musk's acquisition of Twitter?

Elon Musk, the boss of Tesla, is preparing to acquire the social network Twitter. As the date of acquisition draws closer and is confirmed, we notice an increase in certain assets. Find out what these assets are.

Twitter action and DOGE are in the spotlight!

According to one publication from DogeDesigner on October 25, DOGE will see more adoption following Elon Musk’s acquisition of Twitter. DogeDesigner specifically stated: “The deal with Twitter is expected to close on Friday. Adoption of Dogecoin is set to see a big boost after this deal“. I have to say that the price of DOGE recently jumped 13%, according to CoinMarketCap. The token has, in fact, gone from 0.059 dollars (on October 25) to more than 0.069 dollars currently.

The DOGE could climb

The uptick was seen after Elon Musk announced he will complete the acquisition of Twitter by Friday. The Tesla boss’s announcement also led to an increase in Twitter action. Indeed, the latter approached the acquisition price set at 54.20 dollars by Musk.

Recall that Elon Musk is a strong supporter of Dogecoin (DOGE). He had also stated that DOGE would be used to make payments on social media. He also congratulated the developers for the recent kernel update of this digital asset.

Changpeng Zhao shows support for Tesla boss

Elon Musk’s next buy is of interest to a lot of top executives in the crypto industry. Among these executives is Binance CEO Changpeng Zhao. Indeed, CZ recently supported Elon Musk in his project to acquire Twitter Inc.

Recall that Binance has agreed to participate in the acquisition of Twitter by Elon Musk by paying a sum of 500 million dollars. For the exchange, this is an important step in its drive to bring social media and information sites into the Web3.

That said, Changpeng Zhao was recently asked about the financial agreement established with Elon Musk for the purchase of Twitter. CZ then replied:I think so“. This is the answer he gave when asked if Binance would honor the financial agreement.

Elon Musk has said he will close the deal next Friday to acquire Twitter for $44 billion. This news did not fail to boost the prices of Twitter stock and DOGE. Some expect a significant increase in DOGE after the acquisition of the social network.

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