DOGE up 18% as Elon Musk moves to take over Twitter DOGE up 18% as Elon Musk moves to take over Twitter

DOGE up 18% as Elon Musk moves to take over Twitter

Dogecoin has spiked over 18% to reach a local high of $0.0777, as possibilities of its integration with Twitter increase.

DOGE up 18% as Elon Musk moves to take over Twitter

Cover art/illustration via CryptoSlate

Dogecoin has surged 18% following news that Dogefather Elon Musk is set to take over Twitter by Friday.

Bloomberg reported on Oct. 24, that Musk has assured loan bankers assisting his acquisition with about $13 billion, that the Twitter deal will be completed by the weekend.

On Oct. 26, Musk changed his Twitter bio to “Chief Twit” followed by a visit to Twitter headquarters.

While discussing with Twitter employees, Musk refuted claims that he intends to cut jobs by 75%. He added that the employees were cool people he looks forward to working with.

If the $44 billion Twitter takeover pulls off as expected, Elon Musk’s favorite cryptocurrency Dogecoin may have a place in Twitter’s payment method.

Bringing Doge to Twitter

Prior to pulling off his first Twitter deal, Elon Musk had ongoing discussions to integrate crypto payment into the social media app for seamless transfer of money between users.

As the Dogefather, Musk hinted at plans to enable users to pay for premium services like Twitter Blue using Dogecoin.

Dogecoin has spiked over 18% to reach a local high of $0.0777, as possibilities of its integration with Twitter increase. Similar, the meme coin is up over 30% in the last 30 days.

According to CryptoSlate data, Dogecoin’s market capitalization has increased from about $7.95 billion to over $10.30 billion over the last 48 hours, recording an inflow of approximately $2.35 billion as of press time.

At the time of press, Dogecoin is ranked #10 by market cap and the DOGE price is up 9.81% over the past 24 hours. DOGE has a market capitalization of $9.97 billion with a 24-hour trading volume of $2.13 billion. Learn more ›

Dogecoin

27 Oct at 11:52 am UTC

$0.08

9.81%

DOGEUSD Chart by TradingView

Dogecoin On-Chain Analysis
Market summary

At the time of press, the global cryptocurrency market is valued at at $995.25 billion with a 24-hour volume of $96.19 billion. Bitcoin dominance is currently at 39.59%. Learn more ›

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