Crypto dogecoin price rises as Twitter home button becomes doge meme

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Dogecoin rose 30% to $0.09 on Tuesday after Twitter users noticed their home buttons had become the dog meme after which the cryptocurrency is named. Some Twitter users have started noticing the home button in the upper left corner of their web browser – usually the company’s plain blue bird logo – replaced by a cartoon of the Shiba Inu which is the face of the meme Doge.

The change comes days after Twitter began making changes to its verification system. Some accounts with so-called legacy verification, like The New York Times, had their checkmarks removed. Others kept their checks with a note saying they were either Blue subscribers or verified legacy accounts.

Twitter owner Elon Musk posted a photo of an earlier exchange in which a Twitter user urged him to change the logo from bird to doge. The Twitter CEO also shared the screenshot of the March 26, 2022 conversation between him and the anonymous account where the latter asked to change the bird logo to “doge”. Sharing this post on Twitter, Musk wrote, “As promised.”

“DOGE’s price movement is driven primarily by news/speculation, but with Elon Must openly supporting the meme coin, we can expect DOGE to find a mass use case on the Twitter platform. The latest DOGE rally is mainly due to Twitter changing its logo to the DOGE icon, suggesting that Twitter may become an integral part of Twitter’s transition from Web2 to Web3 entity,” said Dhruvil Shah, SVP Technology at Liminal.

Musk has been responsible for pumping doge prices on several occasions by sharing various dog-themed cryptocurrency-related references and memes on his social media feed. Dogecoin is a parody cryptocurrency created by software engineer Billy Markus and Jackson Palmer in 2013.

Elon Musk, 51, is the chief executive of Tesla, which sells electric vehicles and home solar batteries. Musk is also the chief executive of SpaceX, a rocket maker tapped by NASA to resupply the space station, and has a stake in social networking company Twitter.

(With agency contributions)

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