Billionaire Elon Musk has used his mastermind to influence the cryptocurrency Dogecoin price. Recently, Elon Musk changed the Twitter logo to a doge meme icon replacing the older bird logo.
Dogecoin was initiated as a joke and was just created as a cryptocurrency for fun in 2013. The meme-based cryptocurrency soon pulled all the attention of users around the social media platforms.
Dogecoin Price Rise After Twitter New Logo
Dogecoin Price was raised after Twitter’s new logo surfaced last night. The change in logo to the Doge meme influenced the Dogecoin cryptocurrency price by 28% in just one day. The price of Dogecoin jumped from $0.07652092 (INR 6.29) to $0.10464369 (INR 8.60).
This brings an urge for more and more investors to put their trust in Dogecoin. Moreover, prices of other doge-related meme-based cryptocurrency like Shib Inu were also got influenced by Twitter’s new logo got updated.
Elon Musk’s Influence on Dogecoin
Elon Musk has attempted to influence the value of the cryptocurrency Dogecoin several times in the past. In his attempt to amplify the price of Dogecoin, Elon Musk has given statements including terms related to Dogecoin such as-
- Dogecoin Rulz
- No Highs, No Lows, Only Doge
These attempts have effectively enhanced the price of Dogecoin and this time too the share price has gotten influenced after Elon Musk changed the Twitter icon to the Doge meme icon.
The graph above shows a tremendous hike in the price of Dogecoin after Elon Musk repeatedly promoted the cryptocurrency through his statements and actions. The Dogecoin cryptocurrency reached its all-time peak of USD 0.722 (INR 59.32) after Elon Musk mentioned the crypto-based coin on Twitter. Here’s a Twitter post from Elon Musk that resulted in such an aggressive hike in Dogecoin:
How much is that Doge in the window? pic.twitter.com/bxTkWOr50V
— Elon Musk (@elonmusk) May 20, 2021
Also Read: Meme Lovers Must Check Out Memes That Went Viral After Elon Musk Changed Twitter Logo to Doge Meme!!