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


© Reuters. ‘ELON BUYS TWITTER’ Token, Dogecoin Pump After Elon Musk Buys Twitter for $43B
  • Twitter will be owned by Elon Musk for approximately $43 billion.
  • 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) CEO Elon Musk is shaking up the digital world once more. He will be the sole owner and operator of the social media platform 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.

Chart for DOGE/USDT (30 min) (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. DOGE isn’t the only cryptocurrency to see an amazing surge.

A meme coin with the name ‘ELON BUYS TWITTER’ recently witnessed a phenomenal 7000% surge as well.

Chart by CoinMarketCap: ELON BUILDS TWITTER

Although it was born out of nowhere the memecoin is now attracting interest from many individuals who might be searching for an easy-to-profit system. CoinMarketCap reports that the current trading volume for memecoins is $538.892.

CoinQuora reported that traders and investors should be cautious about investing in memecoins like ELON BUYS Twitter. These memecoins are available for token makers to profit from investors.

Continue reading on CoinQuora