In support of Dogecoin, Elon Musk altered his location on Twitter. He also recently changed the Twitter logo from a bird to an X.
Elon Musk Hints About Dogecoin on X Platform (Twitter). DOGE Price Skyrocketed!
A longtime proponent of cryptocurrencies, particularly Dogecoin (DOGE), is Elon Musk. The impact of his tweets and utterances on the ups and downs in the price of the DOGE coin is well recognized. Musk also updated his Twitter location to “XД today, shortly after changing the Twitter logo to “X.” For those who don’t know, the symbol for Dogecoin is “Д and “X” is the new Twitter logo.
What Does Musk’s Change of Location Mean?
It’s unclear why Musk decided to change the Dogecoin symbol on his Twitter location. The more plausible scenario is that he was attempting to advocate for cryptocurrency. On the other hand, the incident took place while rumors about Twitter’s potential acceptance of Dogecoin as payment circulated. There has been increased discussion about Dogecoin perhaps playing a new function within the Twitter ecosystem, particularly since Musk disclosed a new funding structure for the social media platform.
Dogecoin Price Increase
As anticipated, the Dogecoin price has had a significant bull run following the logo change and location update. The coin is now trading at $0.075 at the time of writing, having gained 4.36% in one day. While it continues to hold the title of being the largest meme coin by market valuation, Dogecoin periodically displays signs of resurging enthusiasm.
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