Shiba Inu

Iconic

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.</div>



<ul>
<li>This Monday, Twitter users found that the app stopped displaying the platform’s signature bird in the upper left corner, and were instead greeted with a picture of a Shiba Inu dog.</li>



<li>As a result, dogecoin’s price started skyrocketing and was up more than 20% standing just under one dollar at the time of writing.</li>



<li>This isn’t the first time Elon Musk, who <a href="https://tokenist.com/musks-twitter-growing-at-record-pace-now-has-over-%C2%BC-billion-mdaus/" rel="dofollow" class="deco-link">acquired the platform late in 2022</a>, is boosting the price of the coin.</li>



<li>Late in 2020, he <a href="https://twitter.com/elonmusk/status/1340590280848908288" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">tweeted</a> “One word: Doge” causing the then-fringe coin to soar in value.</li>



<li>Similarly, Floki, Doge, and Bonk, other dog-themed coins, soared after Musk posted <a href="https://twitter.com/elonmusk/status/1625695877326340102?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1625695877326340102%7Ctwgr%5Ef5b9dee20a41abdf599d4b2ec63132af8329c6af%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2023%2F02%2F15%2Fcanine-crypto-coins-jump-after-elon-musk-sends-doge-themed-tweet%2F" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">an image of his dog photoshopped to the role of Twitter’s CEO</a>.</li>



<li>Musk’s tweets have also been known to affect the price of larger cryptocurrencies. In 2021, <a href="https://www.bbc.com/news/business-57096305" target="_blank" aria-label=" (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">after he announced Tesla would no longer be accepting Bitcoin</a>, the world’s largest cryptocurrency quickly fell by about 10%.</li>
</ul>



<p></p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" width="369" height="767" src="https://tokenist.com/wp-content/uploads/2023/04/Doge-Go-BRRRRRRRRRR.png" alt="Screenshot of Twitter's tab bar with the image of the Shiba Inu on top." class="wp-image-147748" srcset="https://tokenist.com/wp-content/uploads/2023/04/Doge-Go-BRRRRRRRRRR.png 369w, https://tokenist.com/wp-content/uploads/2023/04/Doge-Go-BRRRRRRRRRR-144x300.png 144w, https://tokenist.com/wp-content/uploads/2023/04/Doge-Go-BRRRRRRRRRR-313x650.png 313w" sizes="(max-width: 369px) 100vw, 369px" /><figcaption class="wp-element-caption">Doge&#8217;s Shiba Inu where Twitter&#8217;s blue bird can usually be found.</figcaption></figure></div>


<p><em>This is a breaking story and will be updated as new details emerge</em></p>


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</div><p>The post <a rel="nofollow" href="https://tokenist.com/doge-spikes-20-as-iconic-shiba-inu-replaces-twitters-bird/">Doge Spikes 20%+ As Iconic Shiba Inu Replaces Twitter’s Bird</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Doge Spikes 20%+ As Iconic Shiba Inu Replaces Twitter’s Bird

TokenInsight

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