Twitter Logo Changed To Dogecoin, DOGE Price Surges 20%

Key Points:

• Twitter recently changed its logo to display Doge symbol, causing a 20% surge in Doge’s price.
• The current trading price of DOGE is at around $0.9, with signs that the coin is moving upwards.

Twitter’s recent logo change to display Doge’s image on both the app icon and home page caused a 20% surge in DOGE’s price, reaching $0.09.

In a surprising move, Twitter changed its logo to display the image of Dogecoin, a popular cryptocurrency that originated as a meme. Notably, the change was not just on the app icon but also on the home page, catching the attention of many users.

Dogecoin’s price has surged by more than 20% following a change in the market. The current trading price is at $0.9469, with indications that the coin is moving upwards. According to CoinMarketCap data, the market cap of DOGE has also increased by 20.5%.

This surge in DOGE’s price is not the first time the cryptocurrency has experienced such a dramatic increase. In early 2021, DOGE’s value rose significantly due to support from Elon Musk and Mark Cuban. However, the rise in DOGE’s price following Twitter’s logo change is noteworthy because it was sudden and unexpected.

Did you know that the dog behind the famous Doge meme and Dogecoin cryptocurrency is named Kabosu? According to the Dogecoin official Twitter account, she still lives with her owner Atsuko Sato in Sakura, Japan. Kabosu was a rescue dog who became a meme after Atsuko uploaded photos of her, including one that became the famous Doge image, on her blog in 2010.

Kabosu remains Atsuko’s beloved pet and a DOGE community symbol despite her internet fame. Her story is a reminder that even in the world of cryptocurrency, there are real people and animals behind the memes and digital assets.

Recently, Coincu reported a recent transfer of a large amount of Dogecoin in the market had caught the attention of investors. Whale Alert reported that 350 million DOGEs, worth over $26 million, were transferred between wallets, with approximately 34 million DOGE tokens being transferred to Binance. This occurred as Binance faced a lawsuit from the Commodity Futures Trading Commission.

Besides, in a filing in Manhattan federal court, Elon Musk, and Tesla lawyers dismissed the class-action lawsuit Dogecoin investors filed as a “fanciful work of fiction.” They argued that investors had not explained how Musk committed fraud or what risks he was hiding and that his statements were too vague to support allegations of fraud.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News