Dogecoin skyrockets 30% as Twitter changes logo to doge meme on web

economictimes.indiatimes.com:

Twitter’s logo to “doge” meme from the popular “blue bird” boded well with its users, it certainly did for the crypto Dogecoin, as its value zoomed as much as 30%. Doge image is well known as the logo of Dogecoin cryptocurrency, created as a joke by software engineers Billy Markus and Jackson Palmer in 2013, to make fun of the wild speculation in cryptocurrencies at the time. The home button on the top left of Twitter’s web browser used to have the blue bird logo, but overnight, it was replaced with a cartoon of “Shiba Inu”, the face of the Doge meme. In late trade on Monday, Dogecoin rose to as high as 10.2 cents from around 7.7 cents after the change. Currently, the crypto is trading 26% higher at 9.8 cents.

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In the past, Musk has expressed support for dogecoin and is even involved in a legal battle around it, according to reports. Interestingly, the change in the logo is only visible on the web browser of Twitter, and not on the app. Twitter has seen swift changes ever since its takeover by Elon Musk in October last year. The shift in the logo comes days after Twitter began making changes to its verification system. Some accounts with so-called legacy verification, like the New York Times, saw their check marks removed. Others have kept their checks with a note they were either Blue subscribers or legacy verified accounts, Bloomberg reported. While there has been no official communication,