Dogecoin Value Soars As Elon Musk Changes Twitter Logo

289 Views

Since tech entrepreneur Elon Musk officially took over Twitter, he has made a host of unpopular and controversial decisions resulting in declining shares of the social media giant. Not long ago, the Tesla owner publicly admitted that the value of Twitter, the company he purchased for $44 billion, is now $20 billion. The social media platform also received a major setback when a portion of its source code was leaked online last month.

The CEO of Twitter has been in the spotlight again after his decision to update the platform’s logo. Netizens were quick to notice that the famous bird logo has been changed to a “shiba inu dog” sign – the logo of the renowned cryptocurrency “Dogecoin.” This update came after the billionaire’s attorneys requested a federal judge to dismiss the $258 billion lawsuit alleging him of illegally manipulating Dogecoin’s price with his influence on social media platforms. The new logo is visible only on the Twitter website and not on Android or iOS apps.

Interestingly, the value of Dogecoin soared 37.6% in a matter of a few minutes as more and more netizens observed the change. Till the 4th of April, Dogecoin was being traded at $0.0976 – a 25% rise recorded over a span of 24 hours.

It is important to note that this is not the first time Dogecoin’s value has soared as a direct consequence of Musk’s actions. In December 2021, when the Tesla owner tweeted that the company would accept this cryptocurrency in exchange for merchandise, Dogecoin jumped 20%. In the following month, Dogecoin grabbed headlines once again when its value rose almost 15% following Musk’s tweet that the Dogecoin payments were live. The Twitter CEO has also previously claimed that he is a holder of dogecoin himself, but he refused to reveal how many coins he bought.

Recent Posts

hashing in blockchain
Hashing in Blockchain – A Comprehensive Guide

Hashing is one of the most important aspects in the realm of blockchain technology. For maintaining the integrity of data, hashing is of paramount importance. Indubitably, hashing is the fundamental pillar of blockchain’s security and integrity, safeguarding your digital transactions to a remarkable extent. This comprehensive guide delves into the detailed workings of hashing in […]

Brazil Adopts Blockchain
Brazil Adopts Blockchain for Digital ID Verification

In a groundbreaking development, the Brazilian government has revealed its intention to leverage blockchain technology to revolutionize the national digital identification system. This announcement aligns with the government’s efforts to adopt technology for enhancing cybersecurity and efficiency in various fields. In the initial stage, blockchain technology will be integrated into the national identity program in […]

how to create stable coin
How to Create Stablecoin in 2024 – A Quick Guide

We are living in the era of the emergence of decentralized currencies. In the decentralized world, secure connections of blocks containing data are the central elements of Web 3.0, the crypto world, NFTs, and other types of digital assets. One of the biggest issues one faces while dealing with cryptocurrencies is their volatility and instability. […]

Top 5 Blockchain Protocols to Know in 2024

Every industry needs a robust and undeniable technology for critical development. What’s more, without blockchain in the game, it’s profoundly improbable for any business to develop it. Blockchain is vital in the modern space to help accomplish critical, careful, and dependable objectives. So, blockchain enhances your business infrastructure and the wide range of various viewpoints […]

Profile Picture

Ropstam Solutions has a team of accomplished software developers, standing well ahead of the competitors. Combining their technical prowess with writing skills, our software developers are adept at writing detailed blogs in the domain of software development.

Ropstam Software Development Team

Related Posts

flutter app development best practices

Flutter App Development Best Practices to Follow in 2024

With the advancements in digital technology, mobile app development has become one of the top fields to pursue. In the domain of cross-platform mobile app development, Flutter is unarguably the next...
Microsoft Unveils Smart .NET Components

Microsoft Unveils Smart .NET Components

Today's apps need to be smarter than ever to truly delight users. But integrating cutting-edge AI capabilities like natural language processing and machine learning is no easy task. It often...
Are NFTs Viable Long-term Assets

Are NFTs Viable Long-term Assets?

Do you ever feel the urge to smash your head against the wall for not seizing cryptocurrencies? The universe offers you another chance to become a billionaire by acquiring NFTs.  Read this...
database management system guide

DBMS – Comprehensive Guide to Database Management System

In today's data-driven world, effective data management is crucial for businesses and organizations of all sizes. This is where Database Management Systems (DBMS) come into play. In this...

Why our clients
love us?

Our clients love us because we prioritize effective communication and are committed to delivering high-quality software solutions that meet the highest standards of excellence.

anton testimonial for ropstam solutions

“They met expectations with every aspect of design and development of the product, and we’ve seen an increase in downloads and monthly users.”

Anton Neugebauer, CEO, RealAdvice Agency
tariehk testimonial for ropstam solutions

“Willing to accommodate nonprofit budgets, Ropstam brought their robust experience to the project. They checked in consistently, and were communicative, easy to reach, and responsive.”

Tariehk, VP of Marketing.
mike stanzyk testimonial for ropstam solutions

“Their dedication to their clients is really impressive.  Ropstam Solutions Inc. communicates effectively with the client to ensure customer satisfaction.”

Mike Stanzyk, CEO, Stanzyk LLC

“Ropstam was an excellent partner in bringing our vision to life! They managed to strike the right balance between aesthetics and functionality, ensuring that the end product was not only visually appealing but also practical and usable.”

Jackie Philbin, Director - Nutrition for Longevity

Supercharge your software development with our expert team – get in touch today!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.