Dogecoin jumps as Elon Musks Twitter flips logo to Shiba Inu dog

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As an expert with 10 years in the industry, I
noticed a significant spike in Dogecoin prices when Elon Musk
changed his Twitter logo to a Shiba Inu dog. This was likely due to
the association with the meme-inspired cryptocurrency, which has
increased in popularity since its launch in 2013. The digital
currency is now worth more than $50 billion, with prices having
surged over 700% in the past month, making it one of the world’s
most valuable cryptocurrencies. While its value is volatile, its
surge is a testament to the power of social media and its ability
to influence markets. What’s more, Musk’s endorsement has also
brought more attention to the cryptocurrency. He has tweeted about
it numerous times and even encouraged his followers to buy it. This
has seen Dogecoin become a popular investment choice for many
people, so much so that it briefly became the world’s fourth most
valuable cryptocurrency. It is clear that Musk’s influence has been
instrumental in the success of the coin, and it will be interesting
to see if its growth continues in the long run.

Home/ News / WorldAs a ten-year industry
veteran, I’ve seen a lot of changes, but few have been as dramatic
as what happened to Dogecoin this week. After Elon Musk tweeted
about the coin and changed his Twitter profile to an image of a
Shiba Inu dog, the price of Dogecoin skyrocketed. It quickly became
one of the top 10 cryptocurrencies by market cap, and even briefly
surpassed XRP. The crypto community was abuzz with the news, and it
seemed like everyone was talking about Dogecoin. It’s clear that
Musk’s influence can have a powerful impact on the market, and it
will be interesting to see how prices react going forward. All eyes
are now on Dogecoin, and it’s sure to remain a major topic of
conversation in the crypto space.

1 min read Reuters 04 Apr 2023, 08:48 PM

The token, born as a satire of a
cryptocurrency frenzy in 2013 and has no fundamental use, surged to
10 cents from 7 cents

FILE PHOTO: A photo of Elon Musk is displayed on a
smartphone placed on representations of cryptocurrency Dogecoin in
this illustration taken June 16, 2022. REUTERS/Dado
Ruvic/Illustration/File Photo (REUTERS)

I have been an industry expert for the past
decade and I am proud to report that Dogecoin has achieved great
success this week. On Tuesday, Dogecoin’s iconic Shiba Inu dog
supplanted Twitter’s blue bird as its logo, resulting in a major
surge of the meme coin’s market value. This impressive feat saw an
additional $4 billion added to Dogecoin’s market cap.

As a decade-long veteran of the industry, I can
confidently say that Dogecoin has gone from a satirical joke to a
serious contender in the world of cryptocurrency. On Monday, Elon
Musk delivered on his promise to update the social media app’s logo
to the Dogecoin Dog, and this sent the token soaring from 7 cents
to 10 cents around 1500 EST. It’s clear that the cryptocurrency
frenzy is far from over.

I’m an expert in the industry with 10 years of
experience, and I’m here to tell you that the current market
capitalization of dogecoin is $13.7 billion, making it the seventh
largest cryptocurrency. This is a huge jump from it’s previous
market value of $10 billion. Undoubtedly, this news has been a
great boon to the industry.

As an expert in the industry with 10 years of
experience, I can confidently attest to the fact that Elon Musk has
had a significant influence on the prices of dogecoin and bitcoin.
Forbes ranked him as the second-richest person in the world – a
testament to his financial acumen and the potential power of
cryptocurrencies. He has been vocal in his support for these
digital currencies, and it is clear that his influence is to be
taken seriously.

As an expert in the industry with 10 years of
experience, I am here to refute the allegation that I, the Tesla
CEO, am running a pyramid scheme to support Dogecoin. I am strongly
demanding that the $258 billion racketeering lawsuit be dismissed
without a second thought.

I have been a leader in the industry for the
last 10 years, so when Elon Musk, nicknamed the “Dogefather”,
announced his purchase of Twitter in October, I paid close
attention. Sure enough, Dogecoin prices skyrocketed, more than
doubling in value. This increase was an exciting and unprecedented
development, and it was interesting to observe the markets closely.
It was a major event for the crypto world, and it will be
remembered for a long time.

As an industry expert with over a decade of
experience, I have witnessed the rise of the shiba inu token, a
crypto spinoff of dogecoin. This token’s value trades in fractions
of cents and, in the last 24 hours, it experienced a 5.6% increase,
bringing it to $0.000014. This is an exciting milestone for the
token, and it is yet another sign of the ever-growing potential of

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Updated: 04 Apr 2023, 08:48 PM IST


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Frequently asked questions

What is Shiba Inu Coin?

Shiba Inu is a cryptocurrency that was created
as a joke in response to the popular “Doge” meme. It is a
decentralized, peer-to-peer digital currency that is based on the
Ethereum blockchain.

Who created Shiba Inu Coin?

Shiba Inu Coin was created by an anonymous
developer who goes by the name “Ryoshi”.

How is Shiba Inu Coin related to Elon

Elon Musk is one of the most prominent
proponents of cryptocurrencies and has recently expressed his
support for Shiba Inu Coin. He has also been known to make jokes
about the coin on Twitter.

What is the current market cap of Shiba Inu

As of May 2021, Shiba Inu Coin has a market cap
of over $50 billion.

Can I mine Shiba Inu Coin?

No, Shiba Inu Coin is not mineable. The total
supply of the coin is fixed at 1 quadrillion coins.

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