Dogecoin (DOGE) Catapults 32% As Elon Musk Enters Twitter Headquarters

DailyCoin

Published Oct 27, 2022 09:40AM ET

Updated Oct 27, 2022 10:30AM ET

Dogecoin (DOGE) Catapults 32% As Elon Musk Enters Twitter Headquarters

Elon Musk’s Twitter acquisition is planned to be finalized this Friday. That’s a crucial step for the crypto industry, as the crypto-friendly CEO of Tesla (NASDAQ:TSLA) & SpaceX had previously mentioned including Dogecoin (DOGE) for tipping on the micro-blogging platform.

Today, Elon ‘The Dogefather’ Musk shared a nine-second video of him entering Twitter’s headquarters in San Francisco, California. Making a flamboyant entrance with a sink in his hands, Musk’s message was clear: “Let that sink in.” On top of that, Elon Musk’s profile bio now proudly reads “Chief Twit.”

h2 Elon Musk Vs. Twitter Staff Controversy/h2

Previously, Elon Musk mentioned Twitter needed an extreme makeover and part of this might include a mass layoff. According to previous interviews, Elon Musk plans to get rid of 75% of Twitter’s staff. Naturally, the statement received backlash from the current employees.

On the other hand, the move represents a switch that can be beneficial for the whole crypto community. Mr. Musk’s aim is to transform the company into Web 3.0, including the initiative to integrate a native crypto wallet on Twitter.

Furthermore, Musk’s Twitter makeover strategy is supported by big players in the crypto world. As Michael Saylor expressed his support for Elon Musk earlier, it’s no surprise that Binance’s CEO Changpeng Zhao is eager to invest another $500 million in the Twitter deal.

h2 Dogecoin (DOGE) Escapes The Spooky Bears/h2

The top dog cryptocurrency has been floating above and beyond the crucial resistance line at $0.06 for several months. The prolonged crypto winter took its toll on the dog-themed crypto, as it’s nowhere near its ATH. However, trouble for the canine coin seems to be finally over.

At press time, the 10th ranked memecurrency is priced at $0.076274, according to CoinGecko. The bullish trend inspired a 13.9% daily run, while on weekly terms the memecoin gained an impressive 32%.

h2 On the Flipside/h2

  • Some interviews suggest that Elon Musk has dropped the idea of laying off 75% of Twitter’s staff.
  • However, the social media platform is still likely to undergo an extreme makeover.

h2 Why You Should Care/h2

The finalization of Musk’s Twitter deal might have an enormous positive impact on the crypto industry beyond DOGE.

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Written By: DailyCoin

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