dogecoin price
After the cartoon image of a shiba inu dog appeared as a Twitter logo, the dogecoin price it shot up more than 20% to $0.10 (about 1.7 pesos), according to coinmarket.com.
The company at the hands of Musk has not given an explanation for the logo change, but the businessman launched a tweet about it.
Thanks to this rebound, the capitalization of this cryptocurrency, which was born as a joke, is already 13.338 million dollars and is ranked eighth among the cryptos with the highest value within coinmarket.com.
Dogecoin was born as a mockery of the cryptocurrency market. It is considered a crypto meme because its movement is closely related to social networks. It is enough, as on this occasion, that Elon Musk launches a tweet for its price to skyrocket. However, so far this year, the price of dogecoin has fallen by around 40%.