The cryptocurrency dogecoincreated in 2013 as a joke, went off on Monday, April 3, after Twitter replaced its usual blue bird logo with the image of a Japanese shiba inu dog associated with this product.
The dogecoin price rose more than 26% in an apparent reaction to this move by the company Elon Musk which, in the past, has already promoted this cryptocurrency and has even accepted it for the purchase of accessories from Tesla, the electric vehicle company that it runs.
The billionaire has said on more than one occasion that he owns dogecoins and that, last year, he was sued by an investor who accused him of illegally inflating the price of the cryptocurrency, one of the most volatile on the market.
At the close of the stock market on Friday, March 31, the dogecoin quoted almost 90% below its all-time high, which it reached in May 2021.
This Monday, April 3, Twitter replaced its usual logo in its web version with the image of the shiba inu, a popular meme that has been circulating on the internet for years. As a result of this, said cryptocurrency was created.
Source: Larepublica
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