Dogecoin Soars as Elon Musk's Twitter Deal Nears Completion

CRYPTO_NEWS DOGE

The billionaire entrepreneur is supposed to close his purchase of the social media platform on Friday.

 

Popular meme coin dogecoin (DOGE) was up nearly 16% over the past 24 hours as billionaire Elon Musk's purchase of Twitter approached the finish line.

 

The Tesla founder's $44 million deal is supposed to close Friday.

Musk has been a major supporter of DOGE, which has become a proxy for sentiment about him. The entrepreneur's statements about the token have also consistently influenced its price.

 

DOGE was most recently trading at slightly over 7 cents. It had been languishing below 6 cents for much of the past six weeks. A year ago, DOGE was trading at 25 cents.

 

Source : www.coindesk.com/business/2022/10/26/doge-soars-as-musk-twitter-deal-nears-completion/?utm_medium=referral&utm_source=feedly&utm_campaign=headlines by James Rubin - October 27, 2022

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