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Dogecoin Dips Below $0.090 After Twitter Stops Using The Dog Logo

Twitter icon  •  Published 2 years ago on April 7, 2023  •  Hassan Maishera

Dogecoin has lost more than 10% of its value in the last 24 hours after Twitter replaced the dog mascot with the usual bird.

Dogecoin Dips Below $0.090 After Twitter Stops Using The Dog Logo

TL;DR

  • DOGE soared to $0.0105 on April 3rd after Elon Musk’s Twitter replaced its bird logo with a dog.

  • DOGE has now lost 10% of its value after Twitter reverted back to its bird logo.

Dogecoin Dips By 10%

DOGE, the native coin of the Dogecoin ecosystem, has lost more than 10% of its value over the past 24 hours. The poor performance comes as the coin retraces following its rally a few days ago.

The coin surged by nearly 30% earlier this week to reach the $0.010 region for the first time in months. The rally came after Elon Musk’s Twitter replaced its bird logo with a dog, sending the Dogecoin community into a frenzy. 

However, DOGE is slowly retracing after replacing the Dog mascot with its bird. At press time, DOGE is down by more than 10% in the last 24 hours and is now trading at $0.08281 per coin.

 

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Author

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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