Analysis of Google search data shows that on April 25, 2022, when it was announced that Elon Musk, one of the biggest supporters of the popular altcoin Dogecoin, had acquired Twitter, 392 percent of online searches for “Buy Dogecoin” worldwide were It turns out to explode. Here are the details…
Purchase searches for popular altcoin Dogecoin exploded
A spokesperson for CryptoWallet.com commented on the findings, “Elon Musk is not only the richest person in the world, he’s also ‘Dogecoin’. One of its most outspoken supporters. “The only tweets and comments of Musk have led to an increase in the price of the cryptocurrency.” He also said:
Since news broke out that Musk had bought Twitter, Dogecoin has risen by over 20 percent as the news came in, as expected. These findings offer a fascinating insight into the influence and power Elon Musk has not only on mainstream social media platforms, but also in the cryptocurrency world.
Google searches for “How to Buy Dogecoin” also increased by 301 percent on the same day, and searches for “What is Dogecoin” increased by 237 percent.
Elon Musk’s acquisition of Twitter: Here are the details
As we have also reported as Kriptokoin.com, the major social media platform Twitter said on Monday, an organization entirely owned by Elon Musk. He said that he entered into a definitive agreement to be acquired by the company in a $44 billion deal. Under the terms of the deal, Twitter shareholders will receive $54.20 in cash per share for each share of Twitter common stock they own, according to a press release.
The deal was unanimously approved by Twitter’s Board of Directors and is expected to happen later this year, subject to platform shareholders’ approval. After the deal is complete, Twitter is expected to go into a private company and end its nine-year operation as a public company on the New York Stock Exchange. The purchase represents a 38 percent premium to Twitter’s closing share price on April 1, the last day Musk announced his 9 percent stake in the social media company.
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