The CEO of Tesla motor and SpaceX, Elon Musk, lately acquired the social media firm Twitter for about $44 billion. This acquisition leads buyers to a revenue of 62% in Dogecoin. This hike has made a optimistic impression on the meme token among the many crowd after the acquisition of Twitter Musk.

The DOGE worth rallied on Oct. 26 when the entrepreneur Elon Musk modified his Twitter bio to “Chief of Twit” when he visited Twitter’s headquarters in San Francisco to shut the deal as the brand new proprietor.

In response to the info, virtually 62% of the DOGE holders are earning money on the present worth ranges, greater than Ethereum has 57% holders and Bitcoin has 54%. The DOGE’s $16.3 billion market capital has overshadowed sensible contract platforms like Solana and Cardano and change into the eighth largest cryptocurrency globally.

Dogecoin has achieved over $89 million in liquidations since Friday as Elon Musk’s Twitter buy is accredited, out of which $52 million originated from small merchants or bets towards an increase in token worth. Up to now 24 hours, Dogecoin liquidations have set the best place having $27 million amongst all cryptocurrencies. The same old largest figured crypto cash, BTC and ETH, have suffered a low worth hike with a lack of $14 M and $12 M, respectively.

There are some Dogecoin predictions from Musk’s followers that shortly, the Twitter and DOGE cash can be interlinked in some kind.

The CEO and founding father of Even Cardano, Charles Hoskinson, additionally mentioned there’s a robust risk of Dogecoin integrating with Twitter after it went into Elon Musk’s arms.