This cryptocurrency dogecoinCreated as a joke in 2013, Taken this Monday after Twitter replaced its usual blue bird logo with an image of a dog. Japanese shiba inu breed associated with this product.
price of dogecoin rose more than 26% in an obvious reaction to the company’s move. Elon MuskIn the past, it has often promoted this cryptocurrency, even agreeing to buy accessories from Tesla, the electric vehicle company it operates.
The billionaire has said he owns dogecoins more than once and was sued last year by an investor who accused him of illegally inflating the price of one of the most volatile cryptocurrencies on the market.
At the stock market close last Friday, dogecoin was trading almost 90% below its all-time highReached in May 2021.
This Monday, Twitter replaced its usual logo in the web version with the image of the shiba inu, which has been a popular meme on the Internet for years, as a result of which the cryptocurrency was created.