Elon Musk’s closing of the $44 billion Twitter deal and announcement of his intention to become Twitter’s CEO, the cancellation of the lifetime user suspension, the launch of the NFT feature on Twitter and other changes sent the price of Dogecoin (DOGE) up 10% today. Ethereum co-founder Vitalik Buterin believes Elon Musk should move Twitter’s headquarters to Switzerland.
Dogecoin price climbs 40%.
Dogecoin jumped more than 21 percent on Thursday after Elon Musk visited Twitter’s San Francisco headquarters with a sink, hinting that the acquisition deal would close by the Oct. 28 deadline. Musk told Twitter employees that he had no plans to cut Twitter’s staff by 75 percent.
The price of Dogecoin jumped 10% again in a matter of hours, recovering from an earlier drop due to a market-wide correction. So far, the price of Dogecoin has seen a rise of over 40% in a week. With a massive increase in trading volume. Currently, the price of Dogecoin is trading at $0.080. The 24-hour low and high for Dogecoin are $0.072 and $0.084, respectively.
After the deal closed, former Bloomberg columnist Noah Smith tweeted that Elon Musk should move Twitter’s headquarters from San Francisco to Oakland. Ethereum co-founder Vitalik Buterin responded that Twitter’s headquarters should be moved to Switzerland. The country is home to the “Crypto Valley“A group of companies and foundations in Zug.
I always thought it should be moved to Switzerland.
– vitalik.eth (@VitalikButerin) October 28, 2022
Elon Musk’s plans for Twitter
Twitter executives, including CEO Parag Agrawal and CFO Ned Segal, resigned after Musk officially took control of Twitter. Some reports also reveal that Elon Musk did fire Parag Agrawal and escorted him out of the building. Others, including Vijaya Gadde, head of legal, policy and trust, and Sean Edgett, general counsel, also resigned.
With Agrawal’s resignation, Elon Musk will be the new interim CEO. He also announced the reinstatement of the accounts of suspended users, including former U.S. president and businessman Donald Trump. In addition, Twitter will introduce a feature that allows NFTs to appear directly on feeds. This will make it easier to buy and sell NFTs.
Meanwhile, Musk’s plans on introducing Dogecoin on Twitter remain unclear. However, the Dogecoin community is optimistic about Musk’s upcoming announcement.