Elon Musk Twitter Profile Now Appears Dogecoin Symbol, DOGE Surges Nearly 10%
- Dogecoin (DOGE) experiences significant gains amidst excitement over Twitter’s logo rehaul and Elon Musk’s involvement.
- Musk’s cryptic announcement and profile changes fuel speculation, resulting in a 6% surge for DOGE, reaching levels not seen since May.
- DOGE responds to Musk’s social media activity, recording a 9.4% increase within an hour, trading at $0.0779.
The Dogecoin (DOGE) community is abuzz with excitement as Twitter’s iconic bird logo receives a mysterious overhaul and Elon Musk’s involvement, sparking significant gains for the beloved cryptocurrency.
The surge in interest comes in the wake of Twitter’s CEO, Elon Musk, enigmatic announcement, and profile picture change, further fueling the fervor around DOGE.
Initially, Dogecoin witnessed a remarkable surge of over 6% on the day, reaching levels not seen since early May. The cryptocurrency had previously experienced a gradual decline, hitting a low of $0.053 on June 10. However, the recent spike suggests renewed investor interest and bullish sentiment in the market.
The timing of the pump coincides with Musk’s announcement of Twitter‘s logo change, depicted by a short video teaser and the replacement of his profile picture with a simple white X on a black background. Twitter’s new CEO, Linda Yaccarino, also made several posts confirming the upcoming logo revamp.
Musk’s involvement in the logo change was not restricted to Twitter. In recent days, the tech mogul has been actively engaging with the X theme, prominently displaying “X.com” and X images on his Twitter profile. He even made a subtle nod to Dogecoin by incorporating the Dogecoin symbol, Ð, alongside the letter X in his Twitter location.
Unsurprisingly, Dogecoin’s price reacted in response to Musk’s public statements and intriguing social media activity. Within just one hour, DOGE witnessed a staggering 9.4% surge, trading at $0.0779 at press time.
Elon Musk’s ever-enthralling social media presence continues to influence markets and ignite enthusiasm within the crypto community. As anticipation mounts for Twitter’s official logo unveiling and potential rebranding, the future trajectory of Dogecoin remains an enticing prospect for investors and enthusiasts alike.
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