Coin Gabbar Token

<h2 id="header-0">On Tuesday (Oct 4), Dogecoin rose more than 8% on rumors that Elon Musk may eventually agree to acquire Twitter on the original conditions.</h2>Musk&#39;s attorneys sent a letter to Twitter late last night, requesting that the social media platform accept his original offer price of $54.20 per share. As per CoinGabbar statistics, <a href="https://www.coingabbar.com/en/crypto-currency/dogecoin-doge-prices-usd" rel="noopener noreferrer nofollow">DOGE price</a> surged 8.1% to $0.06518 within minutes of the breaking news.Dogecoin and Musk have a long and complicated history together. For years, the world&#39;s richest man has supported memecoin in a series of playful tweets. Elon Musk claimed that the tweets are sarcastic but was later found to be proof of a legitimate working relationship with the cryptocurrency&#39;s inventors.Musk&#39;s tweets regarding DOGE, whether funny or serious, propelled the token&#39;s price to an all-time high of $0.72 when Musk headlined &#34;Saturday Night Live&#34; in May 2021. The coin plummeted by more than 90% in the next year.Meanwhile, <a href="https://www.coingabbar.com/en/crypto-currency-news-english/teslas-lon-usk-ffers-to-uy-witter-fo-illio-ays-e-ants-to-ake-it-a-rivate-ompany" rel="noopener noreferrer nofollow">Elon Musk&#39;s attempt to acquire Twitter</a> has been engaged in controversy and plot twists for months. When Musk first proposed buying the social media platform in April, Twitter&#39;s board of directors opposed it, citing a &#34;poison pill&#34; to avoid a hostile takeover. However, within weeks, the board approved Musk&#39;s $44 billion takeover bid, which was apparently too good to pass up.Musk later retracted his comment, probably in reaction to reports that spam bots constituted a higher proportion of Twitter&#39;s user base than the company had previously stated. In July, he sought to terminate the agreement, despite Twitter&#39;s desire that it proceed as planned and Musk&#39;s contractual obligation to do so.It&#39;s unclear what prompted Musk&#39;s apparent change of heart months later. However, Twitter&#39;s shares climbed more than 21% on Oct 4, to $47.93 at the time of writing, on news that he may again be willing to conclude the deal.COINGABBAR VIEWS: If the purchase goes through, it might be a major boost for Dogecoin. Musk said in April, just days after proposing to purchase Twitter, that DOGE might be included as a payment mechanism on the social media platform. The passage of time will reveal whether he was kidding or not.Read also: The European Securities and Markets Authority attributes financial instability to cryptocurrencies

Elon Musk Agrees to Acquire Twitter, Prompting Dogecoin to Skyrocket

Table of Contents

Coingabbar

Other articles published on Oct 5, 2022

How to Become a FoodFind Manager and Receive %

US Treasury Notes Make Up More Than 58% of Tether's Reserves, said Tether CTO

BITCOIN PRICE ANALYSIS CMP-$20,200: Bitcoin's price has soared above $20,000? Will it hold?

Monsterra MAG Spending Campaigns — Earning Big With Valuable Rewards.

OverSky’s roadmap on the Web3 ecosystem

Fenomy is going to the World Blockchain Summit!

Join our free newsletter for daily crypto updates!