Coindesk writes that Dogecoin (DOGE) rose more than 35% after Twitter replaced the familiar bluebird with a dog. Thus, DOGE rose from $0.077 to $0.1046. At the time of writing, the cryptocurrency has slowed down a bit and is trading at 0.097. The Doge logo still remains on Twitter.
This isn’t the first time Twitter owner Elon Musk’s meme has impacted the cryptocurrency’s exchange rate. For example, after the one-word tweet “Doge” in February 2021, the price of the currency rose almost 50%.
Source: Ferra
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