{"id":544100,"date":"2023-07-24T19:30:41","date_gmt":"2023-07-24T19:30:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=544100"},"modified":"2023-07-24T16:07:58","modified_gmt":"2023-07-24T16:07:58","slug":"elon-musk-incorporates-dogecoin-symbol","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/elon-musk-incorporates-dogecoin-symbol\/","title":{"rendered":"Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price"},"content":{"rendered":"

Elon Musk is, once again, showing his support for Dogecoin in a subtle but meaningful way. Twitter, one of the biggest social media companies now under the leadership of Musk, recently changed its logo from the infamous \u2018blue bird\u2019 to a seemingly discrete X symbol. However, this was not the end of the changes as Musk also changed his Twitter bio to display the Dogecoin symbol.\u00a0<\/span><\/p>\n

Elon Musk Highlights Dogecoin In Recent Changes<\/h2>\n

On Monday, Elon Musk changed his Twitter location to \u201cX\u00d0”, X for the new Twitter logo, and \u00d0 for Dogecoin’s logo, sparking speculations about a possible integration of Dogecoin into the Twitter platform.<\/span><\/p>\n

Related Reading: Bitcoin (BTC) Address Dormant For More Than 11 Years Moves $31 Million In BTC<\/a><\/div>\n

This isn\u2019t the first time Musk has promoted DOGE and caused a stir in the crypto community, as he has tweeted about the meme coin several times in the past. With almost 150 million followers on the social media platform, Musk’s tweets garner a huge amount of attention. So when he mentions specific companies or cryptocurrencies, it often leads to big price swings.\u00a0<\/span><\/p>\n

\"Elon<\/p>\n

Musk changes profile to include DOGE symbol | Source: Twitter<\/a><\/pre>\n
His tweets in the past have triggered double-digit percentage increases in the price of Dogecoin in particular. This time, Musk\u2019s support seems to have had more of a subtle price reaction.\u00a0<\/span><\/p>\n
Following the implementation of the new bio, the price of Dogecoin shot up more than 5%. Trading volume on exchanges also increased drastically as investors rushed to buy the altcoin. According to Coinmarketcap, Dogecoin has seen a total increase of 309.19% in trading volume in the past 24 hours.\u00a0<\/span><\/p>\n
Dogecoin was created as a “meme currency,” but has since developed its own very passionate community and following, including Elon Musk, who is one of the world’s richest men.<\/span><\/p>\n
Will The New Twitter X Support DOGE?<\/h2>\n
There\u2019s a good chance that Twitter (now X) may incorporate Dogecoin payments into its platform, especially given Musk\u2019s continuous support. As Twitter\u2019s largest shareholder, Musk could push for the social media company to incorporate the meme coin into its ecosystem. <\/span>This will enable users to seamlessly make payments on the site using Dogecoin, which may attract more crypto investors to the platform and boost user engagement.<\/span><\/p>\n
Related Reading: Dogecoin Becomes 8th-Largest Cryptocurrency After Adding $1 Billion To Market Cap<\/a><\/div>\n
However, there are a few roadblocks in the way. More stable cryptos like Bitcoin and Ethereum are starting to be accepted as payment methods in various aspects of the world. However, altcoins like Dogecoin are still very volatile with little utility and there are questions about its stability before Twitter (X) seriously considers it as an official payment method.<\/span><\/p>\n
At the time of writing, DOGE is trading at $0.07535, a quick increase from its price of $0.07081 earlier in the day.<\/span><\/p>\n
\"Dogecoin<\/p>\n
DOGE price jumps 5% following Musk's Twitter profile update | Source: DOGEUSD on TradingView.com<\/a><\/pre>\n
Featured image from Coinmarketcap, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Elon Musk is, once again, showing his support for Dogecoin in a subtle but meaningful way. Twitter, one of the biggest social media companies now under the leadership of Musk, recently changed its logo from the infamous \u2018blue bird\u2019 to a seemingly discrete X symbol. However, this was not the end of the changes as Musk also changed his Twitter bio to display the Dogecoin symbol.\u00a0 Elon Musk Highlights Dogecoin In Recent Changes On Monday, Elon Musk changed his Twitter location to \u201cX\u00d0”, X for the new Twitter logo, and \u00d0 for Dogecoin’s logo, sparking speculations about a possible integration of Dogecoin into the Twitter platform. Related Reading: Bitcoin (BTC) Address Dormant For More Than 11 Years Moves $31 Million In BTC This isn\u2019t the first time Musk has promoted DOGE and caused a stir in the crypto community, as he has tweeted about the meme coin several times in the past. With almost 150 million followers on the social media platform, Musk’s tweets garner a huge amount of attention. So when he mentions specific companies or cryptocurrencies, it often leads to big price swings.\u00a0 Musk changes profile to include DOGE symbol | Source: Twitter His tweets in the past have triggered double-digit percentage increases in the price of Dogecoin in particular. This time, Musk\u2019s support seems to have had more of a subtle price reaction.\u00a0 Following the implementation of the new bio, the price of Dogecoin shot up more than 5%. Trading volume on exchanges also increased drastically as investors rushed to buy the altcoin. According to Coinmarketcap, Dogecoin has seen a total increase of 309.19% in trading volume in the past 24 hours.\u00a0 Dogecoin was created as a “meme currency,” but has since developed its own very passionate community and following, including Elon Musk, who is one of the world’s richest men. Will The New Twitter X Support DOGE? There\u2019s a good chance that Twitter (now X) may incorporate Dogecoin payments into its platform, especially given Musk\u2019s continuous support. As Twitter\u2019s largest shareholder, Musk could push for the social media company to incorporate the meme coin into its ecosystem. This will enable users to seamlessly make payments on the site using Dogecoin, which may attract more crypto investors to the platform and boost user engagement. Related Reading: Dogecoin Becomes 8th-Largest Cryptocurrency After Adding $1 Billion To Market Cap However, there are a few roadblocks in the way. More stable cryptos like Bitcoin and Ethereum are starting to be accepted as payment methods in various aspects of the world. However, altcoins like Dogecoin are still very volatile with little utility and there are questions about its stability before Twitter (X) seriously considers it as an official payment method. At the time of writing, DOGE is trading at $0.07535, a quick increase from its price of $0.07081 earlier in the day. DOGE price jumps 5% following Musk’s Twitter profile update | Source: DOGEUSD on TradingView.com Featured image from Coinmarketcap, chart from TradingView.com<\/p>\n","protected":false},"author":594,"featured_media":544112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,85675,7,79599,79600,8375,4257],"class_list":["post-544100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-price","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-elon-musk","tag-twitter"],"acf":[],"yoast_head":"\nElon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price<\/title>\n<meta name=\"description\" content=\"Elon Musk is, once again, showing his support for Dogecoin in a subtle but meaningful way. 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price","url":"http:\/\/ktsl888.com\/news\/dogecoin\/elon-musk-incorporates-dogecoin-symbol\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/dogecoin\/elon-musk-incorporates-dogecoin-symbol\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Elon-Musk-Dogecoin-Twitter.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Elon-Musk-Dogecoin-Twitter.jpeg?fit=1600%2C900"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge price","dogecoin","dogeusd","dogeusdt","elon musk","twitter"],"dateCreated":"2023-07-24T19:30:41Z","datePublished":"2023-07-24T19:30:41Z","dateModified":"2023-07-24T19:30:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Elon Musk Incorporates Dogecoin Symbol In Twitter Bio, Triggering 5% Increase In Price\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/elon-musk-incorporates-dogecoin-symbol\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/dogecoin\\\/elon-musk-incorporates-dogecoin-symbol\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Elon-Musk-Dogecoin-Twitter.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Elon-Musk-Dogecoin-Twitter.jpeg?fit=1600%2C900\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge price\",\"dogecoin\",\"dogeusd\",\"dogeusdt\",\"elon musk\",\"twitter\"],\"dateCreated\":\"2023-07-24T19:30:41Z\",\"datePublished\":\"2023-07-24T19:30:41Z\",\"dateModified\":\"2023-07-24T19:30:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Elon-Musk-Dogecoin-Twitter.jpeg?fit=1600%2C900","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544100"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=544100"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/544100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/544112"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=544100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=544100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=544100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}