{"id":581634,"date":"2023-04-07T00:46:30","date_gmt":"2023-04-06T23:46:30","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=581634"},"modified":"2023-04-07T00:46:38","modified_gmt":"2023-04-06T23:46:38","slug":"dogecoin-down-8-twitter-removes-doge-logo","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/dogecoin-down-8-twitter-removes-doge-logo\/","title":{"rendered":"Dogecoin Tanks 8% After Twitter Removes Logo From Its Homepage"},"content":{"rendered":"\n<ul><li>Twitter dumped Dogecoin\u2019s mascot from its homepage in favor of its classic blue bird.&nbsp;<\/li><li>The removal of the iconic DOGE Shiba Inu prompted the memecoin to tank by more than 8%.&nbsp;<\/li><li>Dogecoin\u2019s market cap grew by $4 billion after its logo went live on Twitter earlier this week.&nbsp;<\/li><\/ul>\n\n\n\n<p>Dogecoin\u2019s display on <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musks-twitter-crypto-payments\/\">Twitter<\/a> came to an end earlier today after the social media platform took down the memecoin\u2019s iconic Shiba Inu mascot and replaced it with their blue bird. The logo was put up on Twitter\u2019s homepage earlier this week and was visible to select users. Seeing DOGE\u2019s logo sparked considerable excitement and speculation among the crypto circles on Twitter.\u00a0<\/p>\n\n\n\n<h2><strong>Dogecoin loses a billion dollars in market capitalization<\/strong><\/h2>\n\n\n\n<p>Twitter\u2019s decision to take down DOGE\u2019s logo from its homepage prompted the memecoin\u2019s price to tank by as much as 8.4%. According to data from <a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" rel=\"nofollow noopener\">CoinMarketCap<\/a>, the memecoin\u2019s market capitalization went down by nearly a billion dollars within a matter of hours. The price went from $0.091 to $0.085, before recovering to $0.086.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"537\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE-1024x537.png\" alt=\"\" class=\"wp-image-581636\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE-1024x537.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE-300x157.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE-770x404.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE-269x141.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE-746x391.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE-1376x722.png 1376w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/04\/DOGE.png 1401w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption><a href=\"https:\/\/in.tradingview.com\/chart\/?symbol=BINANCE%3ADOGEUSDT\" rel=\"nofollow noopener\">DOGE\/USDT by TradingView<\/a><\/figcaption><\/figure>\n\n\n\n<p>The removal of Dogecoin\u2019s mascot comes just days after Elon Musk\u2019s Twitter put it up on its homepage on 3 April. The move caused a massive spike in DOGE\u2019s price and daily trading volume. The memecoin gained more than 30%, reaching as high as $0.101 within hours. By 4 April, DOGE had reached $0.102, nearly missing out on its four-month high. Meanwhile, its daily trading volume went from $526 million to a whopping $5.6 billion, before settling down at around $1.3 billion.&nbsp;<\/p>\n\n\n\n<p>Crypto Twitter was quick to interpret DOGE\u2019s logo on Twitter as a sign of the memecoin potentially becoming a mode of payment on the social media platform. Some argued that it was likely a belated April Fool&#8217;s prank. CEO <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1642976364080041984\" rel=\"nofollow noopener\">Elon Musk<\/a> took to Twitter on April 4 to clarify the logo change. He cited a Twitter thread from March last year, wherein a user had suggested that Musk should buy the company and \u201cchange the bird logo to a doge\u201d.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin has tanked more than 8% following the removal of its iconic Shiba Inu mascot from Twitter&#8217;s homepage. <\/p>\n","protected":false},"author":62,"featured_media":581637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,17,947,2],"tags":[108462,108293,108087,7937,1212],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581634"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=581634"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581634\/revisions"}],"predecessor-version":[{"id":581638,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/581634\/revisions\/581638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/581637"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=581634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=581634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=581634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}