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<ul><li>Elon Musk rebranded Twitter as X earlier today, with the famous bird logo on the homepage replaced.</li><li>Dogecoin (DOGE) gained 10% following Twitter’s rebranding, while BTC dropped to a low of $29,000.</li><li>Other mainstream cryptocurrencies like SOL, MATIC, TRX, etc. followed suit and tanked with BTC.</li></ul>Billionaire businessman Elon Musk rebranded his social networking website Twitter as X earlier today. Twitter’s new avatar triggered a rally in the price of Dogecoin, a meme token that is widely known to be supported by Twitter owner Elon Musk. The new X logo replaced Twitter’s famous blue bird logo on the homepage.Elon Musk took to Twitter recently to unveil Twitter’s new identity, which involved a URL change to X.com:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d0aab93cf47a448ba5340d4050476e60.png" />Twitter’s rebranding as X was accompanied by Musk displaying Dogecoin’s logo in his Twitter bio earlier today. The bio was removed shortly after, but opportunistic traders rushed to capitalize on Twitter’s overhaul anticipating an increased role for DOGE in the social networking site’s payments. While no announcements were made in that regard, <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">DOGE</a> still soared a whopping 10% in a matter of hours.DOGE’s price went from $0.070 to $0.079, marking a 10-week high for the dog-themed meme token. Its market capitalization grew to $10.6 billion, with a 285% increase in its daily trading volume. The price has since subsided and was trading at $0.076 at the time of writing. Data from <a href="https://www.coinglass.com/BitcoinOpenInterest" rel="noopener noreferrer nofollow">Coinglass</a> showed that the open interest on DOGE perpetual futures went up by 27.9% over the past 24 hours.Read full article at <a href="https://cryptotale.org/doge-jumps-10-after-elon-musk-rebrands-twitter-as-x/" rel="noopener noreferrer nofollow">CryptoTale.</a>

DOGE Jumps 10% After Elon Musk Rebrands Twitter As X

CryptoTale

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