According to CoinMarketCap, the price of Dogecoin (listed by DOGE) has soared across all cryptocurrency exchanges, hitting an intraday high of $ 0.07657, up 11% in the last day and 23% in the last week. Look for positive prices that are surprising and reflect the fact that DOGE is not as influenced as they are legal and certified by Elon Musk’s $ 44 million via earlier this year for the acquisition of Twitter’s social media platform.
Two weeks ago, the Tesla / SpaceX CEO announced that it was closing its doors. Twitter sued to try to keep Musk in the deal, while Musk countered. He pulled himself out of the box yesterday culminating in a Delaware judge’s decision to schedule a five-day trial in October to resolve the issue.
Following the news, Twitter’s (NYSE: TWTR) share price fell about 2% this morning to $ 38.85 per share, according to a report from Yahoo! On the basis that is definitively set to become a wholly owned subsidiary of Elon Musk, the agreed price of Twitter Share is $ 54.20, with a premium of 38% over the price of Twitter Share as of April 1, 2022, according to L original announcement.
DOGE suggests a higher value despite the controversial about the deal
Therefore, case watchers and cryptocurrency enthusiasts have predicted that once Musk closes the deal, Musk’s favorite cryptocurrency will play an important and functional role in the Twitter universe. Priority, the canine-themed meme coin had pumped with every announced milestone as the purchase negotiations progressed.
DOGE’s change of course was almost entirely the result of continued public support for Musk and DOGE as a form of digital payment superior to the current cryptocurrency, Bitcoin. The range of applications offered by DOGE on Twitter provides for the introduction of an alternative digital payment to PayPal or Venmo; the creation of a DOGE-based portfolio for NFT or other digital assets; or simply as a Preferred exchange method from Twitter insertion and subscribers.
For now, we have to wait to see how this legal battle unfolds in the courts and whether or not Musk can pull himself out of the Twitter deal or be forced to accept it with his tail between his legs.