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ELON BUYS TWITTER Token, Dogecoin Pump After Elon Musk Buys Twitter for $43B

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Investing.com
By Coin Quora

© Reuters. ELON BUYS TWITTER Token, Dogecoin Pump After Elon Musk Buys Twitter for $43B

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  • Elon Musk will now become the sole owner of Twitter (NYSE:TWTR) for around $43 billion.
  • Dogecoin and memecoin ‘ELON BUYS TWITTER’ surged in the last hour.
  • Traders and investors should do adequate research before buying memecoins related to Musk’s Twitter takeover.

Tesla (NASDAQ:TSLA) CEO Elon Musk has shaken the digital space once again as he will now become the sole owner of social media giant Twitter. Just now, Twitter revealed that it has accepted Musk’s takeover bid of around $43 billion.

As a staunch supporter of cryptocurrency, particularly Dogecoin, Musk’s offer has caused his favorite dog-inspired cryptocurrency to shoot up.

DOGE/USDT 30-min chart (source: TradingView)

As seen from the chart above, DOGE’s candle in the last hour has skyrocketed from $0.12 up to $0.14 before facing a testing, causing it to settle at $0.137 at the time of writing. Interestingly, DOGE is not the only crypto to experience an impressive surge.

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