After Twitter changed its traditional blue bird logo on its desktop version to one of the Doge dog, in reference to the famous Dogecoin cryptocurrency, people’s interest in investing in this asset increased more than 1,000% in less than a weekaccording to an analysis by 6Takarakuji.
Google search engine analysis reveals that searches for Dogecoin skyrocketed 1,992% worldwide in the last seven days after it Elon Musk will change the Twitter logo for the photo of the famous Shiba Inu puppy on April 3.
This increase is 20 times larger than the average levels of general interest in the last seven days.
In addition, searches for “buy Doge” and “buy Doegceoin” increased 1,044% and 253%respectively.
“After removing Twitter’s iconic bird logo, the effects of his actions are evident in increased user interest in Dogecoin as it investors rush to buy Doge to take advantage of any potential returns as the price skyrockets, 6Takarakuji said.
“But how long is it going to last? That could depend on how long Twitter sticks to its new logo and whether users find the joke funny long enough,” the online casino guide added.
Why did Twitter change its logo to Dogecoin?
In March 2022, a user suggested that Musk buy Twitter and change the bird logo to Doge. Elon responded approvingly.
Musk has now tweeted a screenshot of that conversation with the caption “as promised.”
Elon Musk is associated with the coin and is among its highest profile investors. Last year, Musk announced that Tesla will accept Dogecoin payments for its products. He is also accused of intentionally inflating the price of the coin and is facing a $258 billion racketeering lawsuit from cryptocurrency investors who describe him as a “pyramid scheme.”
Since Musk made this move, Dogecoin’s price rose nearly 30%, surpassing Cardano and ranking among the seven best valued cryptocurrenciesaccording to data from CoinMarketCap.com.
But not only has interest in investing in Dogecoin grown, a cryptocurrency that was born in 2013 as a joke; also searches for the digital currency ‘Shiba Inu’ rose 132% in recent days.
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