Twitter accepts Musk's acquisition proposal, Dogecoin soars by more than 20%

The price of Dogecoin jumped about 27% Monday afternoon following news that Twitter had accepted Musk’s takeover offer.

As of press time, Dogecoin has risen by about 24%. Meanwhile, Twitter shares closed up 5.66%.

Last year, Musk became a cryptocurrency market mover with his tweets about Dogecoin and Bitcoin by hyping Dogecoin on social media. His post propelled Dogecoin to an all-time high of 67 cents last May, according to Coin Metrics.

Earlier this month, Musk also targeted Twitter's The Twitter Blue subscription service has made a series of proposals, including lowering prices, banning ads, and allowing users to pay with Dogecoin.

source: Twitter accepts Musk's acquisition proposal, Dogecoin soars by more than 20%

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