Dogecoin returned to its previous value after Twitter removed the cryptocurrency logo from the social network interface.
Dogecoin fell 9.5% after the logo of the meme cryptocurrency was removed from Twitter’s interface. This is an article from company cryptodefix. Dogecoin is currently trading at $0.082.
After Twitter’s owner and head Ilon Musk replaced the familiar logo of the social network with an image of a mascot dog, Dogecoin’s exchange rate rose from $0.077 to $0.102. During the day from March 3 to March 4, traders lost $30 million on liquidated positions on cryptocurrency exchanges on Dogecoin.
From March 3 to date, the price of the meme cryptocurrency has fallen 18%. Now the values are back to the state at the time when the Twitter logo was not yet flaunting a siba inu.
Santment analysts suggested that large Dogecoin token holders knew about future events in advance and started buying up more meme cryptocurrency.
Mentioned project
Decentralized cryptocurrency with an open-source system. It is a currency that is used by users of the Internet all over the world.
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