Twitter Changes Logo Bluebird – We reported a few days ago that Twitter dropped its iconic Bluebird logo and replaced it with the DOGE meme. The change triggered a rise in the price of Dogecoin as it increased by around 30%. Today, Twitter reinstates its official logo and once again, it triggers the price of the popular meme coin.
According to live data from CoinMarketCap, the value of DOGE dropped 9% after the change. Since Monday, users could see the DOGE meme cartoon when opening the Twitter app. Also, it was seen at the upper left corner of the apps’ homepage.
It is no news that the owner of Twitter, Elon Musk has been a staunch supporter of Dogecoin which was created back in 2013. The crypto was accepted as a form of payment at Tesla Inc, another company he owns.
Bloomberg reached out to Twitter as regards the change of the logo, but there has been no reply.
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The initial change effect made dogecoin surpass Cardano (ADA) briefly as the seventh most valuable cryptocurrency according to the CoinMarketCap chart. However, even with Dogecoin trending in Google’s top search, the coin’s rally was rather modest. This raised questions from top market observers. They doubt whether Twitter CEO Elon Musk still has the ability to manipulate the crypto price.
Aside from the influence the change had over the coin, Twitter users accepted the new change with mixed reactions. Some thought it was funny while others thought it was some form of belated April Fool joke.
Meanwhile, the world’s second richest man is requesting the dismissal of a $258 billion class-action lawsuit filed against him. The lawsuit accuses him, his multi-billion dollar company Tesla, and the Dogecoin Foundation of fraudulently promoting Dogecoin. He argues that the claims are “a fanciful work of fiction.”
Dogecoin Price Today
According to live data from CoinMarketCap, the price of DOGE today is $0.082181 USD. It has a 24-hour trading volume of $1,333,822,600 USD. It is currently ranked at #8 on the chart with a live market cap of $11,409,893,761 USD.
What do you think about this change? Share your thoughts in the comment section below.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.