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stratosphere</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Nov 01, 2022</li><li>05:11</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Elon Musk to send Dogecoin to the stratosphere" alt="Crypto Daily: Elon Musk to send Dogecoin to the stratosphere" fetchpriority="high" width="600" height="314" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F5b09b2d2-50f9-4005-bf92-ade62693baca.png&w=640&q=75 1x, /_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F5b09b2d2-50f9-4005-bf92-ade62693baca.png&w=1200&q=75 2x" src="/_next/image?url=https%3A%2F%2Fcms.choise.com%2Fassets%2F5b09b2d2-50f9-4005-bf92-ade62693baca.png&w=1200&q=75"/></div><div class="content_block"><p class="" style="text-align:left">In the same week that Elon Musk took over Twitter and ousted its top executives, the billionaire has now booted the board of directors.</p><p class="">In a securities filing on October 31, Twitter stated that its nine members of the board of directors were no longer in that position.</p><p class="">It was always Elon Musk’s intention to become the sole director of the micro-blogging platform, according to the document.</p><p class="">The board dissolution was disclosed in a broader securities filing, according to the WSJ. It also detailed other formalities as part of the deal closing.</p><p class="">These included debt repayment under a revolving credit agreement. Additionally, there was a share delisting notice that they were converted into a “right to receive the merger consideration of $54.20 a share.”</p><h3><strong>Binance boss weighs in on Twitter</strong></h3><p class="">In an interview on CNBC’s Squawk Box on October 31, Binance CEO Changpeng Zhao (CZ) backed his decision to support the takeover. The company has invested $500 million in the social media platform.</p><p class="">He said that Twitter was a “free speech platform” and one that he uses heavily, adding that: “We want to make sure that crypto has a seat at the table when it comes to free speech.”</p><p class="">He added that he wants to help bring Twitter to Web3 and assist with other issues. These included charging for memberships, which can be facilitated by payments in cryptocurrency, said CZ.</p><p class="">The Binance CEO said that they were in it for the long term. So market fluctuations in company values or crypto prices are not a concern, he added.</p><h3><strong>Dogecoin doubles</strong></h3><p class="">A crypto-centric social media platform will benefit from a leader that believes in the industry, as Elon Musk clearly does. However, the only beneficiary in terms of coins at the moment is Dogecoin (DOGE). Dogecoin has doubled in price over the past week.</p><p class="">Speculators are hoping that Elon Musk integrates DOGE as a payment method for Twitter.</p><p>In his recent tweet, Elon Musk shared a pic of the Shiba Inu dog breed wearing a Twitter t-shirt. Thus, this fuels the ongoing speculation that he could soon bring DOGE payments to his newly acquired social media platform.</p><p class="">Dogecoin (DOGE) has been increasing impressively in the past few days. According to data provided by CoinMarketCap, DOGE’s price has increased by around 115% in the past week.</p><p class="">Moreover, the popular memecoin is trading at $0.129 at the time of writing, up by 7% in the last 24 hours, per CMC data.</p><p class="">Billionaire CEO Elon Musk’s favorite crypto asset outperformed the top cryptocurrencies — including Bitcoin (BTC) and Ethereum (ETH) which are up by 6.5% and 19% in the past week.</p><p class="">With this bullish run, DOGE flipped two of the so-called “Ethereum killers,” Solana (SOL) and Cardano (ADA), to become the 8th largest digital currency by market cap.</p><p class="">Dogecoin’s market cap is roughly $17 billion at the time of writing, according to CMC data.</p><p>DOGE, SOL or ADA. <a href="https://crpt.onelink.me/WpQ0/m81giloc">Buy crypto with zero fee for the first purchase</a>in Choise.com App or<a href="https://crypterium.onelink.me/jtmZ/deposits?app_screen=deposits">open a crypto interest account</a> and increase your HODLings.</p><p> </p><p><strong><a href="https://coinmarketcap.com/currencies/choise/">Follow Choise.com on CoinMarketCap</a> to stay updated.</strong></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Elon Musk to send Dogecoin to the stratosphere</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Elon Musk to send Dogecoin to the stratosphere"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Elon Musk to send Dogecoin to the stratosphere - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Elon Musk to send Dogecoin to the stratosphere - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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stratosphere","date_created":"2022-11-01T05:11:23.000Z","image":{"filename_disk":"5b09b2d2-50f9-4005-bf92-ade62693baca.png","width":600,"height":314},"old_image":null,"seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Elon Musk to send Dogecoin to the stratosphere","content":"\u003cp class=\"\" style=\"text-align: left;\"\u003eIn the same week that Elon Musk took over Twitter and ousted its top executives, the billionaire has now booted the board of directors.\u003c/p\u003e\u003cp class=\"\"\u003eIn a securities filing on October 31, Twitter stated that its nine members of the board of directors were no longer in that position.\u003c/p\u003e\u003cp class=\"\"\u003eIt was always Elon Musk’s intention to become the sole director of the micro-blogging platform, according to the document.\u003c/p\u003e\u003cp class=\"\"\u003eThe board dissolution was disclosed in a broader securities filing, according to the WSJ. It also detailed other formalities as part of the deal closing.\u003c/p\u003e\u003cp class=\"\"\u003eThese included debt repayment under a revolving credit agreement. Additionally, there was a share delisting notice that they were converted into a “right to receive the merger consideration of $54.20 a share.”\u003c/p\u003e\u003ch3\u003e\u003cstrong\u003eBinance boss weighs in on Twitter\u003c/strong\u003e\u003c/h3\u003e\u003cp class=\"\"\u003eIn an interview on CNBC’s Squawk Box on October 31, Binance CEO Changpeng Zhao (CZ) backed his decision to support the takeover. The company has invested $500 million in the social media platform.\u003c/p\u003e\u003cp class=\"\"\u003eHe said that Twitter was a “free speech platform” and one that he uses heavily, adding that: “We want to make sure that crypto has a seat at the table when it comes to free speech.”\u003c/p\u003e\u003cp class=\"\"\u003eHe added that he wants to help bring Twitter to Web3 and assist with other issues. These included charging for memberships, which can be facilitated by payments in cryptocurrency, said CZ.\u003c/p\u003e\u003cp class=\"\"\u003eThe Binance CEO said that they were in it for the long term. So market fluctuations in company values or crypto prices are not a concern, he added.\u003c/p\u003e\u003ch3\u003e\u003cstrong\u003eDogecoin doubles\u003c/strong\u003e\u003c/h3\u003e\u003cp class=\"\"\u003eA crypto-centric social media platform will benefit from a leader that believes in the industry, as Elon Musk clearly does. However, the only beneficiary in terms of coins at the moment is Dogecoin (DOGE). Dogecoin has doubled in price over the past week.\u003c/p\u003e\u003cp class=\"\"\u003eSpeculators are hoping that Elon Musk integrates DOGE as a payment method for Twitter.\u003c/p\u003e\u003cp\u003eIn his recent tweet, Elon Musk shared a pic of the Shiba Inu dog breed wearing a Twitter t-shirt. Thus, this fuels the ongoing speculation that he could soon bring DOGE payments to his newly acquired social media platform.\u003c/p\u003e\u003cp class=\"\"\u003eDogecoin (DOGE) has been increasing impressively in the past few days. According to data provided by CoinMarketCap, DOGE’s price has increased by around 115% in the past week.\u003c/p\u003e\u003cp class=\"\"\u003eMoreover, the popular memecoin is trading at $0.129 at the time of writing, up by 7% in the last 24 hours, per CMC data.\u003c/p\u003e\u003cp class=\"\"\u003eBillionaire CEO Elon Musk’s favorite crypto asset outperformed the top cryptocurrencies — including Bitcoin (BTC) and Ethereum (ETH) which are up by 6.5% and 19% in the past week.\u003c/p\u003e\u003cp class=\"\"\u003eWith this bullish run, DOGE flipped two of the so-called “Ethereum killers,” Solana (SOL) and Cardano (ADA), to become the 8th largest digital currency by market cap.\u003c/p\u003e\u003cp class=\"\"\u003eDogecoin’s market cap is roughly $17 billion at the time of writing, according to CMC data.\u003c/p\u003e\u003cp\u003eDOGE, SOL or ADA. \u003ca href=\"https://crpt.onelink.me/WpQ0/m81giloc\"\u003eBuy crypto with zero fee for the first purchase\u003c/a\u003ein Choise.com App or\u003ca href=\"https://crypterium.onelink.me/jtmZ/deposits?app_screen=deposits\"\u003eopen a crypto interest account\u003c/a\u003e and increase your HODLings.\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003ca href=\"https://coinmarketcap.com/currencies/choise/\"\u003eFollow Choise.com on CoinMarketCap\u003c/a\u003e to stay updated.\u003c/strong\u003e\u003c/p\u003e","short_content":"Speculators are hoping that Elon Musk integrates DOGE as a payment method for Twitter.","seo_title":null,"seo_description":"Elon Musk takes Dogecoin to the stratosphere - Elon Musk has been a major influencer in the world of cryptocurrency. Stay informed on his latest moves and their impact on the market.","seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"elon-musk-dogecoin-stratosphere"},"buildId":"pnPclDEvF5ORCHIipmwih","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>