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Crypto Currency: Twitter changed its logo to an image of a shiba inu dog
Niche cryptocurrency dogecoin spiked more than 30% on Monday after Twitter CEO Elon Musk replaced the blue bird on his company’s website wit Show More
Niche cryptocurrency dogecoin spiked more than 30% on Monday after Twitter CEO Elon Musk replaced the blue bird on his company’s website with an image of a shiba inu, the digital coin’s logo.

After the Twitter logo was altered to a shiba inu image, Musk shared a meme about the change to his 133.5 million followers on Twitter. The dog appeared only for some users of Twitter, including those on its website.

Why Musk is so bullish on DOGE?What do you think of DOGE, a trap or a valued coin?

History: Elon and Doge

On Apr. 2, 2019, Elon Musk mentioned Dogecoin (DOGE) for the first time, tweeting “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” The price of the coin went from $0.002 on April 1 to as high as $0.004 on April 4.

Musk’s flirtatious tweeting about DOGE resumed in December 2020 and continues to this day, each post provoking, or at least contributing to, major swings in price. A single word “Doge,” tweeted on Feb. 4, 2020, was followed by a price increase of about 120% over four days.

Another post, criticizing Dogecoin’s highly unequal wealth distribution (62% of DOGE supply is held by 50 largest addresses, compared to Bitcoin’s 10.5%) resulted in a 20% price plunge.

In December 2021, Tesla announced it would accept dogecoin for some merchandise. At the time, Musk said on Twitter that Tesla would “see how it goes.” Dogecoin rose more than 20% following that tweet.

In January 2022, when Musk announced on Twitter that dogecoin payments were live, the cryptocurrency jumped as much as 15%.
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