Dogecoin price skyrockets over 10% as Elon Musk acquires Twitter. Vitalik Buterin believes Switzerland should be the home of Twitter HQ.
The price of Dogecoin (DOGE) increased by 10% today as a result of Elon Musk’s completion of the $44 billion Twitter transaction, announcement of plans to take over as CEO of Twitter, reversal of the lifelong suspension of users, launch of the NFT function on Twitter, and other events. Vitalik Buterin, a co-founder of Ethereum, thinks Elon Musk ought to move Twitter’s headquarters to Switzerland.
Price of Dogecoin (DOGE) Explodes by 40%
Elon Musk’s visit to Twitter’s San Francisco headquarters on Thursday, when he was carrying a sink, gave Dogecoin (DOGE) a 21% boost and suggested that the takeover deal will be finalized before the deadline of October 28.
Musk assured Twitter employees that he does not intend to reduce the company’s workforce by 75%.In just a few hours, the price of DOGE increased by 10% once more, recovering from a prior decline brought on by a market-wide correction.
As of right now, the price of Dogecoin increased by more than 40% in a week. by a sharp increase in trade volume. The price of DOGE is currently $0.080. Dogecoin’s 24-hour low and high are, respectively, $0.072 and $0.084.
Former Bloomberg columnist Noah Smith tweeted Elon Musk should move Twitter’s headquarters from San Francisco to Oakland once the purchase was successfully closed. Vitalik Buterin, a co-founder of Ethereum, retorted that Switzerland should become the new home of Twitter. The nation is home to Zug’s “Crypto Valley,” a collection of businesses and charities.
Elon Musk’s Twitter Plans
After Musk assumed control of Twitter, top executives from the company, including CEO Parag Agrawal and CFO Ned Segal, left. According to some stories, Musk did actually fire Parag and take him out of the building.
Other resignations include those of Sean Edgett, general counsel, and Vijaya Gadde, head of legal, policy, and trust.With Agrawal’s departure, Elon Musk will take over as acting CEO. Additionally, he announces the restoration of suspended users’ accounts, including businessman and former U.S. President Donald Trump.
Additionally, Twitter will roll out a functionality that will let NFTs display immediately on feeds. It will make purshasing and selling NFT easier. Musk’s intentions to launch Dogecoin on Twitter are still up in the air. The Dogecoin community is hopeful that Musk will reveal some plans shortly.
