DOGE is up more than 25% after Twitter replaced its bird logo with the dogecoin logo.
Without any kind of announcement, Twitter replaced its iconic bird logo with the dogecoin logo, sending the token soaring. There is no official information on why Twitter is using the dogecoin (DOGE) logo in the user control panel.
Elon Musk has been a proponent of DOGE, and even said he would eat a Happy little box at McDonalds if they accept DOGE as payment.
Another enigmatic move from Musk?
Elon Musk, the billionaire CEO of SpaceX and Tesla, has been a prominent figure in the world of cryptocurrencies and his tweets have had a significant impact on the market. One cryptocurrency that Musk has particularly spoken about is DOGE.
Dogecoin was created as a joke in 2013, with a popular internet meme of a Shiba Inu dog. Despite its origins as a joke, it has garnered a cult following, with a passionate community of supporters.
Musk first tweeted about Dogecoin in 2019, stating that it was his favorite cryptocurrency. Since then, he has tweeted about it on several occasions, often causing its price to rise. In early 2021, he tweeted “Doge” and “Dogecoin is the people’s crypto,” causing a significant rise in the value of the coin.
Musk’s tweets have also caused controversy, with some accusing him of manipulating the market. Today, it appears that Twitter’s move saw the token rally by at least 25%, trading above $0.10 at the time of writing.
In May 2021, he tweeted that Tesla would no longer accept bitcoin as payment for its cars due to concerns about the environmental impact of bitcoin mining, causing a significant drop in the price of bitcoin and other cryptocurrencies, including dogecoin.
Despite the controversy, Musk remains a popular figure in the cryptocurrency world, and today he may have caused DOGE to rally in double digits.
