The DOGE course rose by more than 5% in a bear market on Monday. The rise follows the change of identity from Twitter. Elon Musk is a fervent supporter of Dogecoin.
The price of parody cryptocurrency Dogecoin (DOGE) has jumped by more than 5% in the wake of the name and logo change from Twitter.
The social networking application is now called X and abandons its blue bird logo for a more classic ” X “.
– Elon Musk (@elonmusk) July 23, 2023
CEO Elon Musk has also added the logo Ðwhich seems to refer to Dogecointo his bio on the platform.
The American billionaire makes no secret of his enthusiasm for the memecoin token. Earlier this year, he replaced Twitter’s logo with the Dogecoin symbol, once again causing turbulence in the token’s price.
DOGE is one of the only notable assets on the crypto market to post a rise this Monday afternoon. BTC, ETH and XRP are down 2.2, 1.2 and 6.4% respectively.
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