Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home Altcoin News

Dogecoin’s Remarkable 30% Leap: Elon Musk’s Inspiring Twitter Logo Swap Triggers Incredible Market Buzz

James by James
April 4, 2023
in Altcoin News, General News
Reading Time: 3 mins read
A A
0
Elon Musk's Silence And Its Impact On DOGECOIN
Share on FacebookShare on Twitter
ADVERTISEMENT

Table Of Content:

  • Dogecoin’s Impressive Growth
  • Elon Musk’s Long-standing Relationship with Dogecoin
  • The Controversial Logo Change Amid Legal Troubles
  • Tesla’s Involvement with Dogecoin

In an unexpected turn of events, Elon Musk, the well-known and often controversial CEO of Tesla and SpaceX, took the social media world by storm when he replaced Twitter’s iconic blue bird logo with the image of a Shiba Inu dog (Dogecoin logo), the hallmark symbol of the internet-famous cryptocurrency, Dogecoin. This surprising move not only captured the attention of the global online community but also had a significant impact on the digital currency market. In the wake of the logo change, Dogecoin’s value skyrocketed, experiencing a remarkable 30% increase within just half an hour, further solidifying its position among the top cryptocurrencies and raising questions about the potential long-term effects of Musk’s influence on the market.

Dogecoin’s Impressive Growth

Following the logo swap, Dogecoin’s value soared from $0.077 to $0.10, making it the eighth most valuable cryptocurrency, according to data from Coingecko. With a staggering market cap exceeding $13 billion, Doge has cemented its place among the top digital currencies, even though it was initially created as a joke.

Elon Musk’s Long-standing Relationship with Dogecoin

Elon Musk has been teasing and joking about Dogecoin for years, often sparking significant price movements with his tweets. He is known for starting the #DogeToTheMoon hashtag on Twitter, which recently gained traction once again after his latest escapade. However, this recent move has left many wondering about the wisdom behind his decision.

The Controversial Logo Change Amid Legal Troubles

The logo change comes just days after lawyers representing Twitter and Musk requested a federal judge to dismiss a $258 billion lawsuit from 2022, which accused the billionaire of manipulating Doge’s price and causing it to skyrocket over 36,000 percent. Musk confirmed his decision to change the logo in his signature fashion – by tweeting a meme about it and taking a jab at the U.S. SEC.

You May AlsoLike

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

September 28, 2023
Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support

Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support

September 28, 2023

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023


Additionally, Musk tweeted a screenshot of an old chat with the caption, “As promised.”

As promised pic.twitter.com/Jc1TnAqxAV

— Elon Musk (@elonmusk) April 3, 2023

Tesla’s Involvement with Dogecoin

In December 2021, Tesla announced that it would begin accepting Dogecoin as payment for select merchandise. At the time, Musk tweeted about the decision, saying that Tesla would “see how it goes.” Following his tweet, Dogecoin’s value increased by more than 20%. In January 2022, when Musk announced via Twitter that Doge payments were live, the cryptocurrency experienced another boost, surging as much as 15%.
As the relationship between Elon Musk, Doge, and Tesla continues to evolve, it remains to be seen how this unique dynamic will shape the future of the cryptocurrency market.

Tags: DOGEdoge priceDogecoinelonElon MuskTwitter
Share76Tweet48
ADVERTISEMENT
Previous Post

Bitcoin Emerges As The Best-Performing Asset Class In Q1, 2023

Next Post

Euler Labs Hacker Returns “All Recoverable Funds” From The $200M Euler Finance Hack

James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

Related Posts

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins
Altcoin News

Memeinator: The Crypto Hero On A Mission To Cleanse Meme Coins

September 28, 2023
Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support
Crypto Exchanges

Binance Advises Euro Users To Convert To USDT As Paysafe Ends Support

September 28, 2023
XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023
Altcoin News

XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

September 27, 2023
BlockFi Moves Closer To Repaying Customers As Court Gives The Nod
Crypto Exchanges

BlockFi Moves Closer To Repaying Customers As Court Gives The Nod

September 27, 2023
Mixin Network Falls Victim to $200 Million Security Breach
General News

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
Shiba Inu’s Price Turns Green After A Brief Bearish Phase
Altcoin News

Shiba Inu’s Price Turns Green After A Brief Bearish Phase

September 25, 2023
Next Post
Euler Labs Hacker Returns “All Recoverable Funds” From The $200M Euler Finance Hack

Euler Labs Hacker Returns "All Recoverable Funds" From The $200M Euler Finance Hack

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • XRP’s Path To Success: 3 Reasons Ripple Could Explode In 2023

    198 shares
    Share 79 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Table Of Content:

×
  • Dogecoin’s Impressive Growth
  • Elon Musk’s Long-standing Relationship with Dogecoin
  • The Controversial Logo Change Amid Legal Troubles
  • Tesla’s Involvement with Dogecoin
→ Index
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.