- Twitter changed the brand with the unique blue hen emblem.
- Following the change, the worth of DOGE fell by 9%.
- Elon Musk changed the Twitter emblem with the Dogecoin emblem three days in the past, inflicting costs to spike.
Elon Musk has changed the Twitter emblem with the blue hen. Musk changed the Twitter emblem with the Dogecoin emblem on April 3, 2023. This transfer proved bullish for the meme coin because it rose over 30% after the transfer. DOGE worth reached $0.1026 from lows round $0.7600. The meme coin was additionally briefly dethroned in market capitalization.
After a three-day stint with its new emblem, Twitter has returned to the blue hen, ending uncertainty over how lengthy the change will final. The worth of Dogecoin fell sharply following Twitter’s resolution. At press time, DOGE is buying and selling at $0.083, with a 9% decline in worth over the previous 24 hours.
Musk’s adoption of the Dogecoin emblem broke an extended silence on the meme coin following its Twitter acquisition. Early hypothesis that the platform would undertake Dogecoin drove its worth up by greater than 100%. Dogecoin reached an all-time excessive of $0.7376 on Might 8, 2021. Nevertheless, for it to interrupt above this benchmark, DOGE would want to hit a brand new utility that may assist it attain new highs.
The current worth spike has additionally made a number of merchants over $1 million. A dealer known as “Tree of Alpha” took to Twitter to elucidate how he made $1.1 million within the current DOGE rally.
Elon Musk has at all times touted Dogecoin as his favourite cryptocurrency. Maybe if Dogecoin makes its strategy to Twitter, the meme coin can have a new child utility. His current motion may be a sign that he hasn’t forgotten DOGE.
The submit Elon Musk Reverts Twitter Emblem to Blue Fowl (NASDAQ:), Dogecoin Plummets appeared first on Coin Version.
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