Dogecoin, one of the most well-known cryptocurrencies, has made a new splash in social media by becoming the new Twitter logo. While Twitter hasn’t officially confirmed the Dogecoin over Bluebird change, many users noticed it and started sharing the news.
According to stats, DOGE achieved a price increase of around 18% after the news broke. This shows that the market is enthusiastic about the change. However, some Twitter users were critical about the upgrade while others questioned why the memecoin was chosen as the new logo.
Dogecoin Making Headlines for Being Twitter’s Logo
On April 4th, Twitter replaced its bluebird logo with the infamous DOGE image. This has happened on many Twitter accounts worldwide, including the official Twitter account. Since this is April, many thought this was a late April fool joke.
The foremost memecoin previously hit the headlines in February when it saw a significant price increase, following pushes from well-known personalities like Elon Musk. Since then, Dogecoin has become one of the social media’s most famous and talked-about cryptocurrencies.
However, only some are convinced that DOGE is a safe investment. Some financial experts consider the memecoin mere speculation and have no solid foundation. Therefore, investors are advised to research before investing in the coin.
DOGE Goes Up by 18% After Twitter News
Even though the news about DOGE over Bluebird as the Twitter logo was just a joke, DOGE still managed to gain about 18% after the news. The memecoin has briefly become the 7th most valuable cryptocurrency by market cap after the news. This is probably because the memecoin has become a very popular cryptocurrency and a large community on social media. Many enthusiasts have invested their money in DOGE and keep a tab on the latest news about this memecoin.
The Impact of This News on Dogecoin Traders
This news made many traders and investors interested in DOGE. Although short-term impacts were rapidly noticed, no significant change in the price occurred over a longer timeframe. However, this shows that DOGE remains attractive to many, including Twitter users.
The change to Twitter’s new logo is a very positive news for Dogecoin fans. This shows that the cryptocurrencies they support are getting recognized by the wider community.
Meanwhile, Twitter has yet to provide official confirmation about the logo change. However, if such changes occur, this could be a milestone in the development of cryptocurrencies and strengthen the foremost memecoin’s position as one of the most popular cryptocurrencies today.
Dogecoin Price Analysis
At the time of writing, DOGE was priced at around $0.054 per coin. It denotes a decrease of approximately 4.65% from its previous opening price. Although the price of the memecoin has mostly stayed the same for a long time after the news of the Twitter logo change, the coin still exhibits high volatility and should be closely monitored by investors and traders.
The change to Twitter’s new logo of Dogecoin over Bluebird has generated great enthusiasm among cryptocurrency enthusiasts. Although some Twitter users are still questioning the veracity of the news, the increase in the price of DOGE by around 18% shows that the market is very positive about the change. However, investors are advised to stay alert and do their research before deciding to invest in the memecoin. This change to the new Twitter logo could be a milestone in the development of cryptocurrencies and strengthen DOGE’s position as one of the most popular cryptocurrencies today.