Dogecoin Jumps 7% After Elon Musk Shares Flashing X Logo Made By DOGE Designer
Portfolio Pulse from Mehab Qureshi
Dogecoin (CRYPTO: DOGE) surged over 7% in the past 24 hours, outperforming other popular tokens such as Shiba Inu (CRYPTO: SHIB) and Pepe Coin (CRYPTO: PEPE). The surge is attributed to Elon Musk's promotion of a new logo shared by a Dogecoin designer on Twitter. Musk also added the Dogecoin symbol to his Twitter bio, sparking speculation about his intentions regarding the digital asset. Dogecoin now holds the position of the seventh largest digital asset with a market capitalization of $11.2 billion.
July 26, 2023 | 3:42 am
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Dogecoin surged over 7% following Elon Musk's promotion of a new logo shared by a Dogecoin designer on Twitter. Musk also added the Dogecoin symbol to his Twitter bio, sparking speculation about his intentions regarding the digital asset.
Elon Musk's promotion of a new logo shared by a Dogecoin designer and his addition of the Dogecoin symbol to his Twitter bio have sparked speculation about his intentions regarding the digital asset, leading to a surge in Dogecoin's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Pepe Coin saw a 2% gain in the past 24 hours, underperforming compared to Dogecoin.
Pepe Coin's price increased by 2% in the past 24 hours, which is less than the surge experienced by Dogecoin. The news does not directly pertain to Pepe Coin, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Shiba Inu saw a 1.12% gain in the past 24 hours, underperforming compared to Dogecoin.
Shiba Inu's price increased by 1.12% in the past 24 hours, which is less than the surge experienced by Dogecoin. The news does not directly pertain to Shiba Inu, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50