New Twitter owner Elon Musk is a longtime supporter of Dogecoin and has been known to hold large amounts of the meme coin in the past. According to Musk’s Twitter post shared on Monday, the icon change is a result of a promise he made to one follower last year.

Back in March 2022, Musk asked his followers if there was a need for a new platform to replace Twitter. The user @WSBChairman suggested that the Tesla CEO instead buys Twitter and change “the bird logo to a doge.”

“Haha that would sickkk,” Musk responded at the time.

While perceived as a funny exchange at the time, it is obvious that Musk doesn’t forget his promises.

Dogecoin traded around $0.07 on Monday but soared to $0.10 after the icon change happened. The coin was created in 2013 by a pair of software engineers as a “joke” and commentary on the wild speculation that was happening in the world of cryptocurrencies. However, Dogecoin met with the widespread acceptance by the internet community and reached a market capitalization of $85 billion at one point in 2021.

The post Dogecoin Price Jumps 35% After Twitter Icon Change appeared first on theprimarymarket.com.

Musk recently took it on Twitter to publicly back Dogecoin by tweeting: “I’ll keep supporting Dogecoin.” One of the world’s wealthiest people also confirmed he’s buying more coins and asked about it in the replies.

As a result of Musk’s support, Dogecoin immediately got a bump in value. After being worth $0.057 on Friday and as low as $0.053 over the weekend, it has been trading for $0.060 on Monday morning.

It appears that other cryptocurrencies have benefited from Musk’s tweet as well. In the aftermath, most coins have seen a slight surge, including Bitcoin. Following a slip to $17,663 on Saturday, the world’s most popular coin is now again over the $20K mark.

Elon Musk has been proclaiming Dogecoin as one of his preferred coins since late 2020. He has been the main drive behind the coin’s value spike since then, often promoting it on his social media. Musk even announced in December 2021 that his company Tesla will accept the coin as a way of payment for Tesla-related merchandise.

The post Elon Musk Says He’ll “Keep Supporting” Dogecoin appeared first on theprimarymarket.com.

New Twitter owner Elon Musk is a longtime supporter of Dogecoin and has been known to hold large amounts of the meme coin in the past. According to Musk’s Twitter post shared on Monday, the icon change is a result of a promise he made to one follower last year.

Back in March 2022, Musk asked his followers if there was a need for a new platform to replace Twitter. The user @WSBChairman suggested that the Tesla CEO instead buys Twitter and change “the bird logo to a doge.”

“Haha that would sickkk,” Musk responded at the time.

While perceived as a funny exchange at the time, it is obvious that Musk doesn’t forget his promises.

Dogecoin traded around $0.07 on Monday but soared to $0.10 after the icon change happened. The coin was created in 2013 by a pair of software engineers as a “joke” and commentary on the wild speculation that was happening in the world of cryptocurrencies. However, Dogecoin met with the widespread acceptance by the internet community and reached a market capitalization of $85 billion at one point in 2021.

The post Dogecoin Price Jumps 35% After Twitter Icon Change appeared first on theprimarymarket.com.

Musk recently took it on Twitter to publicly back Dogecoin by tweeting: “I’ll keep supporting Dogecoin.” One of the world’s wealthiest people also confirmed he’s buying more coins and asked about it in the replies.

As a result of Musk’s support, Dogecoin immediately got a bump in value. After being worth $0.057 on Friday and as low as $0.053 over the weekend, it has been trading for $0.060 on Monday morning.

It appears that other cryptocurrencies have benefited from Musk’s tweet as well. In the aftermath, most coins have seen a slight surge, including Bitcoin. Following a slip to $17,663 on Saturday, the world’s most popular coin is now again over the $20K mark.

Elon Musk has been proclaiming Dogecoin as one of his preferred coins since late 2020. He has been the main drive behind the coin’s value spike since then, often promoting it on his social media. Musk even announced in December 2021 that his company Tesla will accept the coin as a way of payment for Tesla-related merchandise.

The post Elon Musk Says He’ll “Keep Supporting” Dogecoin appeared first on theprimarymarket.com.