News

Elon Musk Twitter Profile Now Appears Dogecoin Symbol, DOGE Surges Nearly 10%

Key Points:

  • 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.
Elon Musk Twitter Profile Now Appears Dogecoin Symbol, DOGE Surges Nearly 10% 5

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.

Elon Musk Twitter Profile Now Appears Dogecoin Symbol, DOGE Surges Nearly 10% 6

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.

Elon Musk Twitter Profile Now Appears Dogecoin Symbol, DOGE Surges Nearly 10% 7

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.

DOGE price chart. Source: TradingView

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.

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

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

4 minutes ago

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

3 hours ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

6 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

9 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

9 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

10 hours ago

This website uses cookies.