Twitter’s main logo was suddenly changed to a picture of the infamous “Doge” meme on Monday.
The cryptocurrency is up 25% over the past hour and is currently trading at $0.1.
Elon Pumps Doge (again)
Once logged into Twitter, the bluebird that once appeared on Twitter’s loading page has been replaced with a Doge icon. Meanwhile, a similar icon used to return to his Twitter feed on his homepage in the top-left corner of his desktop browser has also been replaced with the infamous dog meme.
The login page is also different, with a giant photo of Doge covering the blue bird that was shown when you created your account.
Dogecoin surged after a sudden change on Twitter after trading at just $0.076 at 13:05 UST on Monday. On Monday, Musk followed Twitter’s logo change by publishing a meme:
— Elon Musk (@elonmusk) April 3, 2023
Elon Musk, who took over as CEO of Twitter last year, is a longtime Dogecoin fan and was largely responsible for easily bringing his assets to the top three coins of cryptocurrency in 2021 through a series of bullish tweets. .
Since then, the billionaire has demonstrated a powerful ability to influence the price of Dogecoin, temporarily pumping the coin with every occasional good word.For example, memecoin 15% increase After confirming in May of last year that SpaceX would soon start accepting DOGE to pay for goods.
Naturally, experienced traders were ready to capitalize on the executive’s latest dog-related activity. He said that he would return to Dogecoin if there was a “decent pullback.”
got some profit $DOGE Here is the HTF resistance. I still have a decent sized bag in case I see a clean break.
Back to BTC / Back to Dogecoin positions if we see a suitable pullback pic.twitter.com/r3GDE9DlJn
— Kaleo (@CryptoKaleo) April 3, 2023
Dogecoin VS Bitcoin
However, not everyone is happy with Musk’s promotion of Dogecoin. A particularly avid Bitcoin enthusiast sees his recent meme propaganda as a “distraction” from the various financial benefits Bitcoin offers.
“Instead of upholding the principles of #Bitcoin, it’s the people’s money, he promotes corrupt get-rich-quick crap for someone at the top of the 0.1% who benefited most from our broken money system. To do.” murmured @bradmillscan on Monday.
While not broadly opposed to Bitcoin or cryptocurrencies, the executive has often joined Dogecoin creator Billy Marcus in taking a lighthearted approach to the field. In December 2021 he will agreed Along with Marcus, he said that Bitcoin likely does not have the power to transform the financial system as the bulls believe, which is why he is a “pro-Doge.”
Musk even has claimed Dogecoin is better suited for daily transactions than Bitcoin due to its faster base layer transaction throughput.
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