The founder and CEO of Twitter changed Twitter’s logo to Dogecoin surprisingly which made quick hype among crypto investors and traders.
- Twitter got ‘DOGE’ as its logo promising Elon’s tweet.
- DOGE is named after a living dog ‘Kabuso’ in Sakura, Japan.
Around 12 am today, Elon Musk, the CEO of Twitter replaced the logo with Dogecoin (DOGE), a cryptocurrency of memecoin type. Following the change, the price of Dogecoin abruptly peaked bullishly to $0.1004 with a 25% price change over 24 hrs.
Is DOGE’s Sudden Surge Impactful?
The sudden and drastic upsurge of Dogecoin increased the trading volume in the crypto market. Mentioning the promise that Musk made, as per the following tweet.
If you wonder how Dogecoin aroused, history is alive. The dog named Kabosu, a rescue dog owned by Atsuko Sato who lives in Sakura, Japan. In 2010, Atsuko uploaded several pictures of Kabosu, which then turned the reference to Dogecoin, a meme coin.
Last Friday, Musk wanted to cut off the $258 billion lawsuit filed against him, which claimed Musk was the executor of the Dogecoin support pyramid scheme. Later that evening, Musk’s lawyers called off the lawsuit with Dogecoin investors over his ‘silly and harmless tweet’.
Also, Musk shared a picture post for the change of the Twitter logo to DOGE saying:
SEIZE THE MEMES OF PRODUCTION
Musk, on ‘Weekend update,’ reminded investing with the cause and effect of coin value during spikes and not – in 2021 before Saturday Night Live. Henceforth, he tried to stir up the crypto market with a succeeding tactic towards Dogecoin.
Though the recent craze on Doge’s bullish market upliftment seems like this change will prolong only for a day. Yet, the hype and buzz around social media are crazy. Now, as per the records of CoinMarketCap, the price ranges at $0.095 approximately with a trading volume of 251.08%.