Dogecoin (DOGE) Price Soars 10%, Vitalik Buterin Wants Twitter HQ In Switzerland
Elon Musk’s completion of the $44 billion Twitter deal and announcing plans to become Twitter’s CEO, reversing the lifelong suspension of users, launching the NFT feature on Twitter, and other changes caused Dogecoin (DOGE) price to rally 10% again today. Ethereum co-founder Vitalik Buterin believes Elon Musk should shift Twitter headquarters to Switzerland.
Dogecoin (DOGE) Price Skyrockets 40%
Dogecoin (DOGE) recorded over 21% jump on Thursday after Elon Musk visited Twitter’s San Francisco HQ carrying a sink, hinting to close the acquisition deal before the October 28 deadline. Musk told Twitter employees that he isn’t planning to cut Twitter staff by 75%.
The DOGE price has again jumped 10% in a few hours, recovering from an earlier fall due to a market-wide correction. Until now, Dogecoin price recorded over 40% increase in a week. With a massive rise in trading volume. Currently, the DOGE price is trading at $0.080. The 24-hour low and high for Dogecoin are $0.072 and $0.084, respectively.
After the successful completion of the deal, former Bloomberg columnist Noah Smith tweeted Elon Musk should shift Twitter headquarters to Oakland from San Francisco. Ethereum co-founder Vitalik Buterin responded that Twitter HQ should be moved to Switzerland. The country is home to “Crypto Valley,” a cluster of companies and foundations in Zug.
Elon Musk’s Twitter Plans
Twitter executives including CEO Parag Agrawal and CFO Ned Segal resigned after Musk officially takes over Twitter. Some reports also reveal that Musk indeed fired Parag and escorted him out of the building. Others include Vijaya Gadde, the head of legal, policy and trust, and Sean Edgett, general counsel also resigned.
With the resignation of Agrawal, Elon Musk will be the new interim CEO. He also announces reinstating accounts of suspended users, including former U.S. President and businessman Donald Trump. Moreover, Twitter will introduce a feature that allows NFTs to directly display on feeds. It will ease NFT buying and selling.
Meanwhile, Musk’s plans on introducing Dogecoin on Twitter remain uncertain. However, the Dogecoin community is optimistic about Musk announcing some plans soon.
- Blockchain for Good Alliance and UNDP AltFinLab Launch Blockchain Impact Forum
- ‘Trump Insider Whale’ Increases Bitcoin Short As U.S. Counters China in New Australia Deal
- Trump Advisor Hints US Government Shutdown Could End This Week, Opening Door for XRP ETF Ruling
- Ethereum’s Vitalik Buterin Responds to Allegations of Excessive Control By ETH Inner Circle
- Solana News: Gemini Launches SOL Edition Credit Card Following XRP Card Success
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
