Dogecoin prices rallied on Tuesday after Elon Musk’s Twitter made the main logo of social media platform Twitter’s home page a meme of the cryptocurrency’s iconic Shiba Inu dog. Memecoin has a rational bull case.
Dogecoin’s price has surged 27% in the past 24 hours, fueled by Twitter replacing its iconic blue bird logo with a cartoon Shiba Inu dog. Dogecoin outperformed Bitcoin and other digital assets.
A…
Dogecoin
Prices rose on Tuesday after Elon Musk’s social media platform Twitter made a meme of the cryptocurrency’s iconic Shiba Inu dog as the main logo on its homepage. Memecoin has a rational bull case.
Dogecoin’s price has surged 27% in the past 24 hours, fueled by Twitter replacing its iconic blue bird logo with a cartoon Shiba Inu dog. Dogecoin performed well
Bitcoin
and other digital assets.
Dubbed Memecoin, Dogecoin has long been promoted by Musk through tweets and television, largely because it was created based on an internet joke. After the Tesla (ticker: DSLA ) CEO took over Twitter last year, the billionaire said he owned Dogecoin amid hopes the social media platform would incorporate the digital asset as a future payment platform.
Write to Jack Denton at [email protected]
