• Elon Musk gifted the Dogecoin community by changing the Twitter logo to that of Dogecoin.
• Whales and retail segments reacted by buying DOGE aggressively.

On 4 April, Dogecoin [DOGE] experienced its largest single-day price spike since October 2022. The reason for the price hike and robust demand within the last 24 hours is heavily linked to a recent change on the Twitter microblogging platform.

Is your portfolio green? Check out the Dogecoin Profit Calculator

In the last few hours, Dogecoin’s logo replaced the blue bird that has been Twitter’s mascot for a long time. While this is a surprising change, it was not unexpected, considering Elon Musk’s status as Dogefather.

pic.twitter.com/wmN5WxUhfQ

— Elon Musk (@elonmusk) April 3, 2023

More importantly, this recent change may revive chatter about Twitter potentially adopting Dogecoin for transactions within its network. Dogecoin becoming Twitter’s new logo or mascot highlights a higher likelihood of Twitter using DOGE for transaction purposes.

Such a development would likely supercharge the DOGE’s mass adoption.

DOGE bulls react positively

DOGE’s price action delivered a 36% upside during Monday’s trading session. Most of the upside was caused by the robust liquidity inflow that came after Twitter changed the logo. This was confirmation that many saw the move as a bullish outcome for Dogecoin.

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Author: Michael Nderitu

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