- Twitter has actually changed the Dogecoin logo design back to the initial blue bird logo design.
- Following the modification, the rate of DOGE came by 9%.
- Elon Musk altered the Twitter logo design to the Dogecoin logo design 3 days back, triggering a cost rise.
Elon Musk has actually gone back the Twitter logo design to the blue bird. Musk altered the Twitter logo design to the Dogecoin logo design on April 3, 2023. The relocation showed bullish for the meme coin as it soared over 30% following the relocation. The rate of DOGE reached $0.1026 from lows in the $0.7600 variety. The meme coin likewise quickly dismissed Cardano in market cap.
After a three-day stint with its brand-new logo design, Twitter has actually gone back to the blue bird, ending unpredictability about the duration of the modification. The rate of Dogecoin dropped greatly following Twitter’s choice. At press time, DOGE is trading at $0.083, with a 9% drop in worth over the last 24 hr.
Musk’s adoption of the Dogecoin logo design broke a long silence on the meme coin following his acquisition of Twitter. Early speculation that the platform would adopt Dogecoin triggered its rate to rise by over 100%. Dogecoin struck an all-time high of $0.7376 on May 8, 2021. However, for it to breach this criteria, DOGE must achieve a brand-new energy that will assist it in reaching brand-new heights.
The recent rise in rate has actually likewise made a couple of traders over a million dollars. A trader called “Tree of Alpha” required to Twitter to explain how he made $1.1 million throughout the recent DOGE rally.
Elon Musk has actually constantly promoted Dogecoin as his preferred cryptocurrency. Perhaps if Dogecoin makes its method to Twitter, the meme coin will have a new-born energy. His recent action may likewise be a sign that he hasn’t forgotten DOGE.
The post Elon Musk Reverts Twitter Logo to Blue Bird (NASDAQ:BLBD), Dogecoin Plummets appeared initially on Coin Edition.
See initial on CoinEdition
Get The News You Want
Read market moving news with a customized feed of stocks you appreciate.
Get The App
