Dogecoin Spikes 10% as Elon-Twitter Deal is Nearing Conclusion
The meme coin king, Dogecoin, has spiked by over 10% in the last 24 hours. Data from CoinMarketCap suggests that DOGE has touched $0.06868 from a low of $0.06062 in the last 24 hours. The hike in price can be attributed to the Elon Musk - Twitter deal finalizing news that went live earlier . Musk delivered the information to the debt bankers via video conference . According to sources close to the situation, the purchase is expected to be finalized by Friday. The banks have finalized the $13 billion debt. The specifics suggest that the only thing left to do is sign the papers. This will be the penultimate phase before the cash is transferred to Musk, according to sources familiar with the situation. Dogecoin is Elon Musk’s favorite currency. The Twitter takeover is likely to increase the adoption of DOGE. The DOGE community is also anticipating that Musk might include Dogecoin for tipping and accept DOGE for payment. Twitter deal likely to close on Friday. Do...