Dogecoin has risen by 29% after confirmation of Elon Musk’s Twitter purchase
The cryptocurrency has taken first place in terms of the change in value per day
26.04.2022 - 07:35
346
1 min
0
What’s new? The Dogecoin cryptocurrency has risen in price by 29% per day (according to Binance). This came after it became known about Elon Musk’s purchase of the social network Twitter. As of 10:15 Moscow time on April 26, 1 DOGE is worth $0,158, the coin’s capitalization rose to $20,97 billion. The altcoin has become the market growth leader in the past 24 hours.
What is known about the deal? According to published data, the deal will be worth $44 billion. Elon Musk expressed hope that even his worst critics will remain on Twitter “because that is what free speech means.”
How does this affect the value of Dogecoin? Elon Musk has repeatedly advocated for this cryptocurrency, causing sharp fluctuations in the price with his tweets. In December 2021, he stated that Dogecoin is better for everyday payments than BTC. And in January this year, Musk suggested that Mcdonald’s start accepting Dogecoin as payment. Also on April 10, the entrepreneur proposed integrating payments in Dogecoin into Twitter to pay for a Twitter Blue subscription.
What had happened before? On April 22, the Dogecoin Foundation conducted the first offline transaction using the Starlink satellite network. The Dogecoin Foundation aims to make Dogecoin an international means of payment.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024