Twitter Changes logo to Shibu, DOGE Price Surges

Photo of author

By A D

In a move that has captured the attention of the cryptocurrency world, Twitter changed its iconic blue bird logo to an image of Shibu, the dog mascot of the Shiba Inu-themed cryptocurrency, Shiba Inu (SHIB). The decision was seen as a nod to the growing popularity of Shiba Inu coins, which have gained significant attention in recent months. However, the change in logo had an unexpected effect on Dogecoin, which also features a Shiba Inu as its mascot. The price of DOGE immediately surged following the logo change.

the dog that symbolized DOGE

Twitter’s decision to change its logo to a Shiba Inu dog has been viewed as a positive development for DOGE, which has experienced a surge in price since the announcement. On April 4th, 2023, DOGE was trading at $0.072, up by 10.05% from its previous day’s value. According to Analytics Insight, the meme coin is among the top three cryptocurrencies under $1 that are expected to explode in April 2023. There have been rumours that Musk may use Dogecoin as a form of payment on the social media network in order to expand Twitter’s business after it was revealed that the company was developing a payments product that allowed bitcoin payments in January.

Despite legal troubles involving DOGE, many experts are optimistic about the future of the cryptocurrency. In early April 2023, Tesla CEO Elon Musk was involved in a $258 billion lawsuit related to DOGE. The lawsuit was filed by a group of investors who claimed that Musk had manipulated the price of DOGE through his tweets and public statements. However, Musk has denied these allegations and is seeking to have the case dismissed. A San Francisco jury ruled Musk not liable for a 2018 tweet about Tesla’s financing in February, one of many lawsuits that Musk’s Twitter posts have precipitated in the past.

DOGE has several unique characteristics that have made it a popular choice among casual investors and those new to the world of cryptocurrency. Unlike many other cryptocurrencies, DOGE is known for its simplicity and accessibility. This has made it easier for investors to understand and invest in, thereby contributing to its growth and success.

Twitter, in its true fashion is having a field day with the latest development

Leave a Comment