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Dogecoin surges 22.03% after Twitter accepts Musk's acquisition

Dogecoin’s price skyrocketed on April 25 following news that Twitter had accepted a takeover from Elon Musk. The reason is investor speculation that Twitter, under Musk's leadership, may open up Dogecoin as a payment option, bringing demand to support. CNBC and other foreign media reported that Twitter issued a statement on the 25th announcing that it agreed to Musk’s acquisition of $54.20 per share in cash and a total price of $44 billion, and the transaction is expected to be completed this year. After the deal closes, Twitter will be a private company controlled by Musk and delisted from the New York Stock Exchange. Investors in the currency circle also reacted to the news. According to CoinDesk quotations, as of 8:42 a.m. on April 26, Taipei time, the price of Dogecoin has surged 22.03% to $0.156534 in the past 24 hours, but it has fallen about 7% this year. The report pointed out that Musk has been a champion of cryptocurrencies, often making high-profile comments on cryptocurrencies on Twitter. Investors are optimistic that Musk will integrate Dogecoin into the platform after acquiring Twitter, creating more application value for Dogecoin.

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