Elon Musk’s Twitter takeover spikes Dogecoin by 20%; Dorsey pours in support

Sahana Kiran
Elon Musk
Source – Unsplash

The entire dynamics of Twitter were switched up following Elon Musk’s big takeover. The Tesla CEO went from posting random tweets on the social media platform to attaining full control over it. While there were an array of speculations about how Musk would transform Twitter, he stressed upholding free speech. Nevertheless, Dogecoin entered the scene without hesitation considering Elon Musk’s inclination toward it.

Yesterday, right after the deal came through, the entire crypto-verse appeared to be celebrating.

Following this affirmation, Dogecoin witnessed a massive price surge. At press time, the OG meme crypto was trading for $0.1558 with a 20.85 percent surge over the last 24-hours. The market cap of the altcoin traversed to $20.40 billion further aiding in Dogecoin’s journey to the coveted top 10.

Here’s what Jack Dorsey has to say about Elon Musk’s Twitter

The privatization of Twitter was extensively sought after by Musk. The former CEO of Twitter in a series of tweets pointed out that the social media giant as a company has always been his ‘sole issue and biggest regret.’ Therefore, extracting it from Wall Street and the ad model is a promising first step, he added.

While further noting that Twitter shouldn’t be run or owned by anyone, he believes that Elon Musk was the ‘singular solution’ that he trusts. He further tweeted,

While Twitter was busy congratulating Musk for his latest acquisition, several others jumped in a began pitching their demands. Several urged him to fire the board members and start fresh with a brand new team. A few others speculated that suspended accounts may make a comeback as Musk endorsed free speech. He even tweeted,

“I hope that even my worst critics remain on Twitter because that is what free speech means”

As a result, one Twitter user suggested that former President Donald Trump would be allowed back on the social media platform.

With Musk’s next move under the wraps, Twitter could certainly spruce up into a more interesting platform.