A tweet by Elon Musk turned the fortunes of Dogecoin in such a way that after a 20 percent increase, it became the world’s 5th largest cryptocurrency.
Twitter on Monday changed the logo on its website to Dogecoin without any reason. Twitter CEO Elon Musk gave the blue bird logo to the “Doge” of the Dogecoin cryptocurrency. The most important thing is that Elon Musk has not made any changes in Twitter’s mobile app. A tweet by Elon Musk turned the fortunes of Dogecoin in such a way that after a 20 percent increase, it became the world’s 5th largest cryptocurrency.
Dogecoin’s price soared for a brief period immediately after Elon Musk made this change, according to a Forbes report, with the cryptocurrency rising more than 20 percent in one fell swoop, making it the first time in months that it was worth $0.10. exceeded dollars.
Also read – Why did Elon Musk choose Doge for the Twitter logo? Who is this? Answers to all your questions.
According to sources, the dog photo (of a Shiba Inu) known as the logo of the Dogecoin blockchain and cryptocurrency was created as a joke in 2013. The Twitter CEO also shared a screenshot on March 26, 2022, in which his message was indicating to change the bird logo to “Doge”.
As promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
Know what is dogecoin
Dogecoin (DOGE) is based on the popular “doji” internet meme and its logo features a Shiba Inu. This open source digital currency was created by Billy Marcus of Portland and Jackson Palmer of Sydney, Oregon, and was forked from Litecoin in December 2013. DogQuine’s logo was based on a dog meme. Twitter CEO Elon Musk has posted several tweets on social media in which he said that Dogecoin is his favorite coin.
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