Dogecoin, a cryptocurrency that began as a meme, has recently taken the crypto world by storm. However, it was only after Tesla CEO Elon Musk started tweeting about it that it really took off. Each positive tweet from Musk caused the price of DOGE to soar. This was evident when Dogecoin rallied over 100% after the acquisition of Twitter, with people hoping that Musk would integrate it into the social media platform. However, Musk had been quiet about his plans to integrate Dogecoin into Twitter until now.
Twitter has recently updated its blue bird logo with the Dogecoin image. While it is not clear whether this change is permanent or not, it has certainly caught the attention of the DOGE community. Many believe that this is Musk’s way of reminding people that he has not forgotten about the meme coin.
The price of Dogecoin has also shot up by 22.56% following this change. DOGE is currently trading at $0.9796, and the market cap of DOGE has also gone up by 22.5% according to CoinMarketCap data. These are significant gains, and they highlight the impact that Musk’s tweets and actions can have on the crypto market.
Despite its origins as a meme, Dogecoin has shown that it has the potential to be a serious player in the cryptocurrency market. Its recent gains demonstrate that it is capable of attracting mainstream attention and interest. While it remains to be seen whether the updated Twitter logo is a permanent change or not, it has certainly caught the attention of the crypto world.
In conclusion, Elon Musk’s tweet and actions have had a significant impact on the growth of Dogecoin. The recent update of Twitter’s logo to Dogecoin has once again caused the price of DOGE to rise. However, it is important to approach investing in any cryptocurrency with caution and to seek professional advice before making any investment decisions.
