Dogecoin plunges 7% After Suddenly Removed From Twitter Logo

Key Points:

• Dogecoin fell deeply in price after it was suddenly removed from the logo by Twitter.
• DOGE memecoin fan Elon Musk has reverted his logo to the default blue bird.
• Twitter and its boss Elon Musk have yet to give a reason why the social network logo is changed back to the old one.

Dogecoin plummeted after billionaire Elon Musk’s social network reverted its logo to the default blue bird. Twitter and its boss Elon Musk have not given a reason why the social network logo is changed back to the old one.

Elon Musk’s favorite memecoin was suddenly removed from the Twitter social network logo, causing the DOGE price to react strongly. Specifically, DOGE has dropped nearly 7% in the past 244 hours from $0.091 to $0.086 at the moment.

The disappearance of this icon was as rapid as it appeared suddenly on the morning of April 4, causing Twitter users worldwide to suddenly discover that the logo of this social network had been transformed into a picture of a Shiba Inu dog. – very similar to the Dogecoin logo.

The question is raised that Dogecoin will become the currency of Twitter. Musk’s love for DOGE sparks speculation about whether it will be accepted as payment for the green ticking service. If DOGE were used as payment for Twitter’s blue service, thousands of Doge holders would likely pay, boosting Twitter’s profits and helping DOGE further increase its metrics. This caused its token to skyrocket 30% within minutes, making it the best-performing cryptocurrency of the day.

The Twitter account with over 150,000 followers, “Tree of Alpha,” earned $1.1 million from trading Dogecoin on April 4. There is no denying the tremendous effect that comes from this unexpected change.

It is associated with the name and enthusiastic support from billionaire Elon Musk, Dogecoin, since its launch, has attracted a solid fan base and become a phenomenon in the cryptocurrency market.

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.

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