Dogecoin explodes by 25 %after Elon Musk has changed the Twitter symbol to Doge Meme
Dogecoin explodes by 25 %after Elon Musk has changed the Twitter symbol to Doge Meme
The main logo of Twitter changed abruptly on Monday to a picture of the notorious "Doge" mems-a Dogecoin (Doge) that was predictable as a result.
The cryptocurrency has increased by 25 % in the last hour and is now traded for $ 0.1.
Elon Pumps Doge (again)
When logging into Twitter, the blue bird, which once appeared on the charging side of Twitter, was now replaced by an icon of Doge. In the meantime, the similar symbol, with which one returns to the Twitter feed of your own homepage, has also been replaced in the upper left corner of the desktop browser by the notorious dog.
The registration side is also different, with a huge picture of Doge that now covers the blue bird that previously appeared when creating an account.
Dogecoin was traded on Monday at 1:05 p.m. VAT for only $ 0.076 before it shot down after the sudden change from Twitter. On Monday, Musk simply followed the change in the Twitter logo by publishing a meme:
Elon Musk, who became CEO of Twitter last year, is a long-time Dogecoin fan and was primarily responsible for briefing the asset through a series of bullish tweets in 2021 briefly into the top 3 coins from crypto.
The billionaire has since proven a strong ability to influence the price of Dogecoin by briefly raising the course up whenever he occasionally gives her a good word. For example the Meme Coin rose by 15% in May last after he confirmed that SpaceX would soon start accepting dog for payments.
Of course, experienced traders were ready to capitalize on the latest dog-related activities of the manager. The popular crypto dealer Kaleo said on Twitter that after the last pump he took some profits with him and intended to switch back to Dogecoin when there was a "decent pullback".
has taken some profit with you $) Here at HTF resistance. Do you still have a decent bag if we see a clean break.
The return to BTC/will increase the Dogecoin position again if we see a decent sweater pic.twitter.com/r3gde9dljn
- kaleo (@cryptocaleo) 3. April 2023
Dogecoin VS Bitcoin
Not everyone is satisfied with Musk's advertising for Dogecoin. In particular, enthusiastic bitcoiners see his recent advertising for the meme as a "distraction" of the various financial advantages that Bitcoin offers.
"For someone at the top of the 0.1 %who have benefited the most from our broken monetary system instead of standing behind the principles of #bitcoin, the money of the people-he promotes degenerated, quickly become-manner." Style = "font-Weight: 400"> tweeted @bradmillscan on Monday.
Although he does not reject Bitcoin and Krypto in general, the manager has often connected the Dogecoin creator Billy Markus to pursue a carefree approach to the room. In December 2021 he agree with Markus that Bitcoin probably does not have the power to change the financial system as the bulls believe that it is therefore "pro-dog".
Musk even claims due to its faster basic class transactions is more suitable for daily transactions than Bitcoin. .