• Dogecoin officially exits Twitter as the bluebird reclaims its position
• The memecoin saw its price drop immediately after its removal from the social media platform
  

Twitter has removed the Dogecoin [DOGE] logo just days after giving it the position of the famous bird. The sudden removal has resulted in the coin’s price moving south in the crypto market. According to CoinMarketCap, Dogecoin registered a slump of over 6% in the past hour, with the coin trading at $0.08595, at press time. The coin’s trading volume was over $1 billion in the past day and was still trading in green in the seven-day calendar with an uprise of over 15%.

Read Dogecoin [DOGE] price prediction 2023-24

Moreover, the recent update has increased the long position on the coin, according to the one-hour chart on Coinglass. The exchange long/ short ratio was 1.05, with buyers holding a 51.13% position and short sellers holding a 48.87% position. This shows that buyers have started to enter the market for DOGE.

Dogecoin’s Shiba Inu featured on Twitter

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Author: Priya NV

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