Elon Musk's Twitter Logo Change Sends Dogecoin Soaring
TL;DR Summary
Dogecoin's market value surged by $4 billion after Elon Musk changed Twitter's logo to the Shiba Inu dog, the mascot of the meme coin. The token, which has no fundamental use, rose to 10 cents from 7 cents. With a market capitalization of $13.7 billion, dogecoin is now the seventh biggest cryptocurrency. Musk, a vocal proponent of cryptocurrencies, has heavily influenced prices for dogecoin and bitcoin in the past.
- Dogecoin jumps as Musk's Twitter flips logo to Shiba Inu dog Reuters
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- Dogecoin surges after Elon Musk uses token's logo as Twitter's symbol Yahoo Finance
- Why is doge on Twitter? What to know about the crypto icon, Elon Musk. The Washington Post
- Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu CNN
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