Dogecoin: Dependency on Twitter spurs volatility, investors concerned

Elon Musk’s decision to remove Dogecoin’s logo caused its value to plummet by 23% in days. This sudden reversal in market dynamics has led to many questioning Musk’s intentions and the future of DOGE. In a twist of events, Elon Musk removed the Twitter dog logo that has become synonymous with Dogecoin [DOGE]. While all […]

Elon Musk’s decision to remove Dogecoin’s logo caused its value to plummet by 23% in days.

This sudden reversal in market dynamics has led to many questioning Musk’s intentions and the future of DOGE.. While all good things must come to an end, this particular ending has had a noticeable impact on DOGE’s value, causing concern among investors and enthusiasts alike.A few days ago, Twitter users awoke to find that Elon Musk had pulled another one of his trademark shocks by changing the blue bird emblem to that of a dog.

The appearance of the Dogecoin logo on Twitter was just as sudden as its removal, and the reaction from users was equally swift. But while everything seemed to return to the way it was before, there was one notable exception: the price ofThe value of DOGE experienced a sudden spike on 3 April, coinciding with the logo change. However, the following days witnessed a shift in market dynamics, with sell pressure gaining prominence, and consequently, the value began plummeting.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOGE, SHIB, Twitter, and more: Analyzing Elon Musk’s effect on cryptoElon Musk’s recent Twitter shenanigans have caused a surge in social volume and price for Dogecoin. Other dog-themed meme tokens like Shiba Inu have also experienced a price increase, indicating a correlation with Dogecoin’s movements. Elon Musk has played a significant role in the fluctuating fortunes of Dogecoin [DOGE]. His actions, or lack thereof, have […]
Read more »

Dogecoin [DOGE] exists as Twitter bird makes a comebackTwitter has removed the Dogecoin [DOGE] logo just days after giving it the position of the famous bird. The sudden removal has resulted in the coin’s price moving south in the crypto market. According to CoinMarketCap, Dogecoin registered a slump of over 6% in the past hour, with the coin trading at $0.08595. The coin […]
Read more »

My ski-mountaineering goal: To overcome fear and dependencyLoyal to his quest to master ski mountaineering, Simon Akam braves the next peak in Switzerland’s Bernese Oberland
Read more »

Twitter slaps NPR with a dubious new tag: 'State-affiliated media'Is National Public Radio \u0022U.S. state\u002Daffiliated media\u0022? Twitter, and its new owner Elon Musk, seem to think so.
Read more »

'Curb-plunking' sparks a bumpy debate on twitter'Curb plunking' has caused online controversy after a man crashed into the bike lane bumpers on the gorge bridge yesterday.
Read more »

Twitter puts 'state-affiliated media' label on NPR account | CBC NewsTwitter has labelled National Public Radio as 'U.S. state-affiliated media' on its account on the social media site, a move the head of NPR called 'unacceptable.'
Read more »