Dogecoin (DOGE) prices began to rise from a month -long low on Monday following reports that Twitter was likely to accept Elon Musk’s offer as early as Monday.
The largest memecoin tokens based on market capitalization rose 10% from daily lows in minutes as several reports said the social media company could accept a $ 43 billion offer from Elon Musk.
As is well known, DOGE tends to react positively to any news about the CEO of Tesla. He recently revealed that he has a large stake in the token. Many thought that Twitter’s acquisition was seen as a positive sentiment for DOGE given that Musk is keen to integrate DOGE into the platform.
After Musk managed to acquire 9.2% ownership of Twitter’s original shares this month, Musk has proposed the idea of introducing a monthly subscription service for the site. Musk suggested a service payment option in DOGE.
Musk also suggested a feature that allows Twitter users to tip in DOGE. Social media sites at this point have allowed users to tip in Ethereum.
Not only that, Musk has also put forward big plans for Twitter, aside from adding DOGE support. Tesla’s CEO intends to take the company personally, and turn it into a global platform that allows the public to speak freely.
