![]() ![]() Therefore, market participants appear bullish on the prospect of enabling Dogecoin payments on Twitter’s premium service since Musk has repeatedly endorsed the meme coin. ![]() After joining the Twitter board, Musk proposed several changes to the Twitter Blue premium service, including DOGE payments, price reduction (of the subscription), and authentication checkmarks. Interestingly, Elon Musk’s purchase of Twitter in an all-cash deal has garnered much attention from Dogecoin holders and the meme coin’s community. I trust his mission to extend the light of consciousness. Solving for the problem of it being a company however, Elon is the singular solution I trust. It wants to be a public good at a protocol level, not a company. In principle, I don’t believe anyone should own or run Twitter. Jack Dorsey, CEO of Square, who owned a 2% stake in Twitter tweeted, Tesla CEO Elon Musk acquired Twitter at approximately $44 billion, paying a 38% premium on the market price of the social media giant’s shares. Dogecoin climbs 30% on news of Twitter acquisition Proponents are bullish on the prospect of higher utility and adoption of DOGE, driving the meme coin’s price higher. There is no direct correlation between Elon Musk’s Twitter acquisition and Dogecoin price, but the tech entrepreneur has teased about introduction of DOGE payments on the social media platform. Dogecoin price posted double-digit gains following the news of the acquisition.Musk previously teased DOGE payments on Twitter, fueling a bullish sentiment among holders.Elon Musk has reached an agreement to acquire Twitter for approximately $44 billion, at $54.20 a share. ![]()
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