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Dogecoin Twitter Logo News: Twitter’s new emblem avatar is now the most well-liked memecoin Dogecoin (DOGE). Amid all of the regulatory scrutiny round cryptocurrencies, this transfer from the Elon Musk firm may imply many constructive outcomes for the crypto market. Dogecoin being the brand new Twitter emblem may imply an enormous validation for the crypto house as it will act as an enormous promotional occasion. Also, this is able to solely reinforce Musk’s affiliation with not simply DOGE but additionally the cryptocurrency house.
Also Read: These Three Major Crypto Exchanges Are Merging Into One To Create A Binance Rival?
However, it isn’t clear as as to if this can be a momentary transfer by the Twitter administration. This means if the brand new emblem is taken down, the Dogecoin value may take successful.
Twitter New Logo
Social media platform Twitter on Monday up to date its web site to that of Dogecoin image. This led to an immediate DOGE value pump by over 21%. As was seen in earlier situations when Elon Musk overtly talked about the memecoin in his tweets, Dogecoin price may maybe witness a protracted rally with this transfer. However, this might develop into a brief lived rally for the world’s largest meme crypto if the Twitter emblem is reinstated to its unique. The Dogecoin workforce reacted to this information:
— Dogecoin (@dogecoin) April 3, 2023
After the Tesla CEO acquired the platform on October 27, 2022, the memecoin’s value rallied steadily solely to be hit by the FTX collapse in early November 2022. Last week, Musk filed his reply in opposition to allegations of operating a pyramid scheme to help Dogecoin. Citing that Musk’s tweets had been solely to indicate help, the billionaire’s attorneys argued that such posts will not be illegal. This is especially the case contemplating the memecoin’s market cap of $10 billion, they stated. Musk sought the dismissal of the criticism from the court docket.
Also Read: Arbitrum Faces Severe Backlash Over Plans To Sell 750M Tokens; ARB’s Price In Danger?
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