Usa: The fact that Elon Musk adores Dogecoin is well known. The billionaire is so enamoured with the digital currency that he replaced Twitter's bird logo with the Dogecoin moniker.
The doge image is displayed above the home button on the web version of Twitter. This demonstrates Musk's devotion to Dogecoin, a cryptocurrency that was created to parody others.
Bitcoin and the doge meme, two of the biggest trends of 2013, gave rise to Dogecoin. The Shiba Inu dog had thought bubbles protruding from it in the doge meme. Musk has consistently expressed his love of the coin.
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Every time he does that, the cryptocurrency's market value increases. Although many have referred to it as market manipulation, Musk has insisted that it's all in good fun.
In 2013, Dogecoin was introduced. From the start, Musk wasn't a huge fan of the coin. We don't even know if he was aware of its existence. Reddit was instrumental in its early years of popularity.
Using the platform, a Dogecoin subculture was spawned. In 2019, Musk made the cryptocurrency public for the first time. He tweeted, "Dogecoin might be my favourite cryptocurrency."
The number of searches for Dogecoin increased after Musk's tweet. It was a fascinating year for Musk's relationship with Dogecoin in 2021.
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The wider cryptocurrency rally and numerous tweets from Musk helped the coin reach an all-time high in the US of 69 cents.
Even so, he self-identified as "Dogefather." However, following Musk's mention of the coin on Saturday Night Live, its value plummeted.
Musk announced that SpaceX would put a Dogecoin on the Moon the same year. The DOGE-1 mission, which is a lunar orbital satellite launch, was funded with Dogecoin.
The satellite is anticipated to be launched in this year's third quarter. Musk's Tesla company began taking Dogecoin as payment for goods in 2022. Later, SpaceX began to follow suit.
The price of Dogecoin has always been impacted by Musk's tweets or remarks about the cryptocurrency. This time wasn't any different.
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In the last 24 hours, Doegcoin's price has increased by more than 24% since he changed the Twitter logo. The coin is currently the topic of conversation everywhere, and many people are wondering why Musk changed the logo.
The CEO of Twitter is known for making fun of everything, so there.