On the 3rd of 2023, Twitter made a surprising and unexpected logo change, replacing its iconic blue bird with the image of a Shiba Inu, the famous dog that inspired the Dogecoin meme and cryptocurrency. The move was widely seen as an April Fool’s Day joke, but it had an immediate impact on the price of Dogecoin, which surged by over 20% within hours of the change.
The sudden rise in Dogecoin’s value was attributed to Elon Musk’s tweet explaining the Doge logo change on Twitter, which helped to raise the profile of the meme-based cryptocurrency. The tweet read, “Dogecoin is the people’s crypto,” and it included a link to a YouTube video of the Dogecoin song.
The change in Twitter’s logo to the Doge meme brought a lot of attention to Dogecoin, as it is a popular meme and has a large online following. The publicity helped to drive up the demand for the cryptocurrency, which led to a rise in its price. This surge in demand was also helped by the fact that Dogecoin is a relatively inexpensive cryptocurrency, and so it is more accessible to people who are new to the crypto market.
It is worth noting that Dogecoin has a history of being volatile, and its price is known to fluctuate rapidly based on market sentiment and social media trends. However, the Twitter logo change was a significant event that captured the attention of the crypto world and beyond, leading to a surge in Dogecoin’s value.
