Elon Musk’s social network Twitter changed its logo yesterday. The well-known bird, which for many years adorned the main page and menu of the site, has turned into a Shiba Inu dog, the symbol of the popular Dogecoin meme-coin.
Musk posted a picture on his account of a police officer looking at a dog’s driver’s license with a photo of the Twitter logo, to which the dog justifies that it is her “old photo”. The entrepreneur also quoted his own message, where he agreed to change the Twitter logo: “As I promised.”
as promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
In response to this radical rebranding of the social network, DOGE rose by 37%, reaching $0.1.
The Dogecoin meme token was created in 2013 and is, in fact, one of the oldest coins on the cryptocurrency market. The listing of the token on exchanges such as Binance and OKEx strengthened its position, creating more stable trading flows and interest in coin accumulation. Representatives of the exchanges note its convenience, low transaction fees and reliability.
DOGE has become one of the most profitable cryptocurrencies in 2021, and much of the success of the meme token seems to have been due to the heavy promotion that Musk provided for it on social networks.
In mid-December 2021, the founder of PayPal, Tesla and SpaceX was named Time magazine’s Person of the Year for his commitment to the environment and space exploration. At the same time, a detailed interview with Musk was published. In a conversation with a Time journalist, the billionaire spoke about the difference between bitcoin and Dogecoin, after which he announced on Twitter support for DOGE – merchandise from Tesla, including cyber whistles and belt buckles, began to be sold for cryptocurrency on the website of the electric car manufacturer.
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