On April 3, the entire Dogecoin community was excited to see the price of DOGE get pushed higher. It was mainly the Twitter users who knew exactly what had happened that resulted in DOGE’s rally.
Twitter Updated DOGE Logo
As April began, Twitter did something that no one had imagined that a social media company would ever do, to support a token.
The Elon Musk-owned company removed the blue bird logo from its platform and replaced it with the mascot of the Dogecoin network.
This created a lot of excitement among the Twitter plus the DOGE investors, who flocked to rally the token. With the investments rising in the token, its trading value went significantly up.
The Logo has been Removed
Many thought that the logo would remain intact but Twitter had something else in mind. The social media company has now taken down the logo and has put the blue bird log back.
The action has not been well-received by the Dogecoin community because they started to withdraw from supporting DOGE.
With the withdrawal gaining momentum, DOGE’s price has plummeted by 7.3%. As of now, the value of DOGE hovers at around 8.5 cents, which was previously around 8.6 cent.
How Far Did DOGE Go On April 3?
The DOGE price may be down at present but it wasn’t the case on 3rd of April. On that day, DOGE’s price spiked substantially and it went all the way up to 10.5 cents.
Although it was Twitter that changed the logo but according to most of the Twitter and the Dogecoin followers, it was Elon Musk’s doing.
The DOGE community knows very well how Elon Musk has been supporting the token since 2021. He is the reason why the token came to know true fame.
It was his backing, which helped the token hit an all-time high in mid-2021. Elon Musk is yet to confirm whether DOGE will be among the payment tokens on the Twitter platform or not.
If he does make an announcement in favor of DOGE, then the token may experience yet another strong rally.