© Reuters Dogecoin Skyrockets As Elon Musk Changes Twitter’s Bird Logo To Doge Icon
Benzinga – Twitter’s website got a remodeling on Monday, as the Dogecoin (CRYPTO: DOGE) logo design changed the Twitter icon on the website’s homepage. As an outcome, Dogecoin’s rate escalated more than 20% Monday afternoon, going from less than 8 cents to almost 10 cents in simply thirty minutes.
The modification comes amidst many disturbances that Elon Musk has actually made at Twitter considering that taking control of the business late in 2015. Most just recently, significant business Twitter accounts such as the New York Times revealed that they would not spend for Twitter blue, and therefore lose their blue check.
As Twitter’s CEO, Musk had actually not tweeted anything about the Doge icon changing Twitter’s logo design Monday. Musk has actually had a history of utilizing his social networks existence to discuss Dogecoin and other cryptos.
He remains in the middle of a $250-million claim declaring that Musk utilized a pyramid-scheme-type plot to prop up the rate of Dogecoin. His legal representatives called the claim, produced by Dogecoin financiers, “fiction.”
Read Also: Elon Musk Seeks Dismissal Of $258M Dogecoin Lawsuit Accusing Him Of Fraudulently Promoting It: ‘Court Should Put A Stop To Plaintiffs’ Fantasy’
Dogecoin reached its all-time high of 74 cents around Musk’s Saturday Night Live look in May 2021. At the time, Musk tweeted numerous times apparently backing the crypto coin, calling it “the people’s crypto.”
According to text revealed through court filings, Musk likewise checked out utilizing blockchain innovation to run Twitter prior to discovering it to be not possible. It’s possible that Monday’s logo design modification is an indication that Twitter is attempting to include crypto in some way in its operations. We will see if Twitter or Musk provides more clearness on the thinking behind Twitter’s logo design modification on Monday.
Now Read: Dogecoin Poised To Soar Past $0.10 After Finding ‘Spot For A Bounce’, Says Analyst
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