In recent years, Dogecoin has become a popular meme coin, but its real growth began when Tesla CEO Elon Musk started tweeting about it. Each time he tweeted positively about DOGE, the price rose. After Twitter’s acquisition, people hoped Musk would integrate Dogecoin into the social media platform, but he remained silent on the issue. However, things have changed since Twitter updated its blue bird logo to the Dogecoin image. It is not clear whether this change is permanent or just a reminder from Musk to the DOGE community that he has not forgotten about the meme coin.
DOGE Price Rises Following Logo Change
Following the update, the price of DOGE has surged by 22.39%. At press time, DOGE is trading at $0.09494, and market cap has increased by 22%. It remains to be seen whether the coin’s upward trajectory will continue.
Dogecoin was initially created as a joke in 2013 by software engineers Billy Markus and Jackson Palmer. Its logo is the famous Shiba Inu dog from the “Doge” meme, which was popular on the internet at the time. Despite its humorous origins, Dogecoin has gained a large following and has even been used to raise funds for various charitable causes. However, its value has been subject to extreme volatility, rising and falling dramatically based on social media hype and celebrity endorsements.
