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Dogecoin (DOGE)

Dogecoin Becomes New Twitter Logo? DOGE Rises 18% Amid Confusion

Reynaldo Marquez by Reynaldo Marquez
2 months ago
in Dogecoin
Reading Time: 2 mins read

The Shiba Inu representing cryptocurrency Dogecoin (DOGE) has taken over social media Twitter, as the company could have a new logo. Multiple users reported that the Shiba Inu, the popular Japanese pet, substituted the “bluebird” as the default loading image and main logo, as seen in the image below.

Related Reading: Bitcoin Addresses With At Least 1 BTC Nears A Million, BTC Steadies Above $28,000
Dogecoin DOGE DOGEUSDT image 1
Source: Win98Tech via Twitter

On the social media, users have been speculating about the new Dogecoin Twitter logo. Many believe this could be part of a poorly implemented late “April’s fool” joke. A pseudonym user said:

Doge for some reason is showing up on Twitter and I can only assume this was supposed to be an April Fools joke that took 3 days to roll out because no one knows how the site works anymore (…). Also retweets might be broken now? Apparently they don’t show as retweets properly? probably broke that to implement the stupid dog icon, i don’t know anymore.

Dogecoin Traders Chase Speculation

Data from monitor CoinGecko indicates that Dogecoin has seen a 20% rally over today’s trading session. While the rest of the market is moving sideways, money flowed into DOGE pushing its price above the critical resistance level at $0.097.

Dogecoin DOGE DOGEUSDT
DOGE’s price trends to the upside on the daily chart. Source: DOGEUSDT Tradingview

Even before Elon Musk bought Twitter, traders have been speculating on DOGE and its capacity to trend beyond anyone’s expectations. When Musk took over as CEO of the social media, he promised more integration with the cryptocurrency.

Therefore, DOGE as the new Twitter logo could be part of a bigger strategy to put the meme king in the center stage of the social media’s crypto capabilities. Market participants are, at least, betting on further momentum.

Wtf is elon doing pic.twitter.com/zFHU2h3Kqr

— Tree of Alpha (@Tree_of_Alpha) April 3, 2023 

Related Reading: Bitcoin Addresses With At Least 1 BTC Nears A Million, BTC Steadies Above $28,000

A pseudonym trader that keeps track of DOGE’s price action, stated the following on DOGE’s potential to continue its current trend:

Might re-enter if Elon, or Twitter official accounts, come out and says something quite positive about it (possible implementations). Your next step is likely tracking those two and keeping an eye out for anything Doge-related.

Tags: dogeDogecoindogeusdt
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Reynaldo Marquez

Reynaldo Marquez

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

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