No more “little blue bird,” as of yesterday the new logo of Twitter’s website is the dog of Dogecoin, Elon Musk’s favorite crypto. Following this change, the price of DOGE literally skyrocketed!
Dogecoin: Twitter’s new website logo is now the dog of the crypto
Elon Musk, the current owner of Twitter and also the crypto-influencer of Dogecoin, wanted to merge his products. Thus, the social network website’s new logo has switched from the blue bird to DOGE’s Shiba dog.
Undeterred, Tesla’s CEO shared a meme post yesterday in which he hints at the new logo image change.
— Elon Musk (@elonmusk) April 3, 2023
It is nothing new for Elon Musk to post tweets in support of the crypto memecoin par excellence, but this time it is indeed a strong endorsement of DOGE.
Replacing the image could only be appreciated by DOGE’s followers, but also by its crypto-investors. And indeed, DOGE’s price has seen an incredible pump in the last 24 hours.
Dogecoin: Musk changes Twitter logo and the crypto flies +25% in not even 24 hours
DOGE went from last night’s price of $0.077 to the current $0.098, registering a +25% pump in not even 24 hours. Indeed, during the night, DOGE even reached $0.10.
As such, Musk’s decision accompanied by his tweet did its usual thing, surpassing all estimates of a bearish trend on DOGE.
For example, in late March, DOGE was analyzed precisely without taking into account its crypto-influencer and the result was two possible scenarios that led the crypto to fall in price.
One was a drop below the $0.0721 region representing a strong bearish scenario. The other was a “rebound” that saw DOGE reaching the $0.075 and $0.078 area. Musk’s tweet and the new logo on the social network of crypto-lovers, seem to have turned the tide, overcoming price analysis of any kind.
Not only that, Dogecoin’s Fear and Greed Index also rose 8 points on enthusiasm, thus moving to 68 in the Greed zone.
Dogecoin Fear and Greed Index is 68 ~ Greed pic.twitter.com/1eoffqXdRV
— Doge Fear and Greed Index (@DogecoinFear) April 4, 2023
The blue bird: is it a permanent or temporary farewell?
No one has specified whether Twitter’s logo change is a permanent choice or only temporary. Either way, Twitter’s historic blue bird logo has indeed been replaced by Dogecoin’s Shiba dog.
Perhaps this choice was made by the infamous Musk simply to remind the DOGE community that he has by no means forgotten about the coin, but rather continues to support it. Or perhaps, the logo change is driven simply by his personal love for dogs.
Indeed, in mid-February, Musk had posted a tweet that caused the price of another cryptocurrency to take off, namely Floki Inu.
The crypto FLOKI was created in June 2021, hoping to be yet another memecoin about dogs to get into Musk’s good graces. And indeed, in September of that very year, Musk had announced that he had adopted the dog Floki.
Thanks to that tweet, the price of the FLOKI token then doubled in a matter of days, hitting, somewhat like all crypto assets, its all-time high in November 2021, which, however, was 1,000 times its initial value.