Dogecoin price jump.
– Photo: Social Media
Time will tell whether Twitter will gain or lose after Dog Mim becomes Twitter’s logo, but at the moment it has caused a big jump in Dogecoin prices. Dogecoin prices have jumped nearly 30 percent after Elon Musk replaced the Twitter blue bird with dog memes as its logo.
The dog currently known as the logo of the Dogecoin cryptocurrency was created as a joke in 2013 by software engineers Billy Marcus and Jackson Palmer. At that time, the purpose of creating this cryptocurrency was merely to make fun of the future of cryptocurrency.
Bitcoin prices fall
The home button at the top left of Twitter’s web browser previously had a blue bird logo, but was replaced overnight with a cartoon of a “Shiba Inu”, a dog meme. The oldest and most popular crypto token is bitcoin and its value has declined by 1.03 percent in the last 24 hours. According to BuyUcoin, its price dropped from Rs 23,37,459 to Rs 23,13,355. The market capitalization of bitcoin is a total of Rs 44.9 trillion.
Dogecoin price gains strength
Other cryptocurrencies are also becoming a good investment option. Shiba Inu-themed Dogecoin (symbol DOGE) started as a joke but has become a popular token. Its price has increased from Rs 6.50 to Rs 8.11. It has changed about 24.77 percent in the last 24 hours. Its market cap is Rs 1.1T.
Ether prices also jumped
At the same time, the price of Ether (ETH) has increased from Rs 1,49,097 to Rs 1,49,872 in the last 24 hours. Its market cap is around Rs 18.5T. Litecoin (LTC) with a market cap of Rs 557.6B declined almost (0.42) percent to Rs 7,609.8 from Rs 7,640.90 in the same period. Ripple or XRP is another popular token. Its market cap is Rs 2.1T. Its prices have increased from Rs 42.56 to Rs 40.79 in the last 24 hours.