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DOGE could benefit from the deal
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Dogecoin (DOGE-USD) price predictions are worth checking on Wednesday as talk of Elon Musk buying Twitter (NYSE:TWTR) is increasing interest in the meme token.
The big news here is that Musk is finally willing to buy Twitter for his original offer. That values TWTR stock at $54.20 per share. This comes after months of legal discussions and Musk threatening to back out of the deal due to an alleged high amount of bots on the social media platform.
That’s something DOGE investors are excited to hear as Musk has often used the platform to promote the cryptocurrency. With his promise to purchase Twitter, Dogecoin holders are sending the crypto higher today.
Let’s go over what this could mean for Dogecoin with the latest price predictions for the crypto below!
To put those price predictions in perspective, Dogecoin was trading at $0.0633 as of this writing. Investors will also note that the crypto is up 4.1% over the prior 24-hour period as of Wednesday morning.
Investors looking for more of the hottest crypto news will want to keep reading!
InvestorPlace is home to the daily crypto coverage traders need to know about for Wednesday! A few examples include a vote on simplified crypto rules in Europe, Russia using crypto in its Ukraine invasion, and more. You can catch up on all of this news at the following links!
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/10/dogecoin-price-predictions-can-elon-musks-revived-twitter-deal-boost-doge/.
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