Dogecoin (DOGE) shot up another 10% on Tuesday on greater excitement surrounding Elon Musk’s rebranding of Twitter to “X”.
Tuesday’s rise follows a related post on Musk’s Twitter, where the tech mogul appeared to link X to the famous dog meme.
Dogecoin and X
Musk reposted a nine-second animated graphic of the platform’s new “X” logo. The animation itself was sourced from DogeDesigner – the UX/UI & Graphic Designer at Dogecoin & MyDoge Inc.
pic.twitter.com/dxbsqwcYv7
— Elon Musk (@elonmusk) July 25, 2023
Musk also added the Dogecoin symbol to the location field of his Twitter bio, right next to the X logo.
After publishing the tweet at 12:32 pm on Tuesday, DOGE shot from $0.077 to $0.083 within just 2 hours. It trades for $0.082 at writing time – up 10% over the past 24 hours.
A similar rise occurred after Musk officially acquired Twitter last year, and rumors circulated about him potentially integrating Dogecoin payments into the platform.
After rebrandin
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