It has been reported that SpaceX and Tesla CEO Elon Musk, who bought Twitter for $44 billion, changed the platform's logo. The blue bird logo on the web version of Twitter was replaced with the logo of the cryptocurrency #Dogecoin

After the new logo appeared on Twitter's homepage, there was a 30% increase in the value of Dogecoin, but it soon dropped again. It is believed that the logo change, which occurred approximately six months after Musk bought the platform, was temporary and not coincidental.

Musk is known for his support of Dogecoin and had previously announced that #Tesla products could be purchased with cryptocurrency. He was also sued for allegedly creating a "pyramid scheme" to support Dogecoin with a value of $258 billion.

It is thought that the logo change is a reference to the lawsuit.

There has been no official statement from Twitter on the matter yet. However, Musk tweeted a cartoon in which a Shiba Inu dog, the symbol of Dogecoin, hands over its license to a police officer while driving a car. The license contains the old blue bird logo, to which Musk refers as "that old photo."



Musk also shared a screenshot of a tweet in which he had asked whether there was a need for a new platform before buying Twitter, and a follower had suggested buying #Twitter and changing the bird logo to Doge. Musk captioned the screenshot with "As promised."

#Binance #crypto2023

Another use case is going to be added to the Dogecoin (DOGE) cryptocurrency due to Elon Musk, the wealthiest man in the world. Following the disclosure that the most prominent meme currency would be used as a payment when one of Musk's ground-breaking projects is ultimately released, this comes as a natural consequence.
When this Tesla project finally gets off the ground, dogecoin will be accepted.
DogeMemeGirl, a member of the Dogecoin community, recently brought to the knowledge of the community the news that DOGE was going to be accepted when Tesla's supercharging station in Hollywood eventually kicked off its operations. Another user of X (which was once known as Twitter) supplied an update on the station, which was already in the process of coming together and may premiere this year. Her remark arrived at the same time.
A payment option that will be available when this occurs is, in fact, going to be DOGE. The fact that users would be able to pay with the meme currency when the supercharging station ultimately debuts was verified by Musk himself in a post that was published on X in the year 2022. DogeMemeGirl has brought attention to the fact that this new development indicates that "exciting times" are on the horizon for DOGE, taking into consideration the scope of this initiative.
As a result of the fact that the charging station in Hollywood will have a "futuristic diner and drive-in theater," the usefulness of DOGE may be increased by a considerable amount. In addition, the location of the station is significant since it has the potential to expose the meme currency to some of the most talented individuals in Hollywood. It is possible that if that occurs, it will offer a boost to the price of DOGE, which has been quite stagnant for some time now.
For a considerable amount of time, it has been widely acknowledged that Musk has a resemblance to the most famous meme currency. On the other hand, up until this point, his affection for DOGE had only been shown via his cryptic X postings about the cryptocurrency asset. At this moment, it seems that the wealthiest man in the world is demonstrating via his actions that his interest in DOGE extends beyond than that.
The biography of Elon Musk, which was published a year ago, demonstrated that the cryptocurrency known as DOGE has the potential to become an essential component of his long-term ambition to develop a "everything app" that would also function as a platform for making payments. The X platform, which is controlled by Musk, has lately dropped hints that its payment service would be online sooner rather than later this year, which suggests that this plan is already in action.
Speculations that Dogecoin payments would be included into X with the implementation of this statement have been further fueled by this announcement. A change of this magnitude will have a significant impact on DOGE and the community that it serves. In the meanwhile, the occurrence of this event would very certainly solidify Musk's position as the "Dogefather," a title that he had already bestowed upon himself.
The wealthiest person in the world recently admitted that he still had a "bunch of Dogecoin," which is an interesting revelation since it reaffirms his affection for the parody currency.
#doge #elonMusk #Tesla $DOGE

In the last two days, the #NFT collection’s prices have skyrocketed.

After receiving acknowledgement from Twitter owner #ElonMusk , Milady’s non-fungible token (NFT) collection increased, drawing comparisons to Musk’s treatment of #dogecoin (DOGE). Miladys is a profile-pic (PFP) NFT that consists of 9,823 pictures of faces with wide-eyed, innocent expressions.

Despite the collection’s innocent imagery, Charlotte Fang, also known as Charlie Fang or Charlemagne, the project’s creator, has drawn criticism for sharing conspiracy theories and derogatory remarks.

Prices for the contentious collection increased by as much as 60% after Musk tweeted a picture of a Milady NFT with the words “There is no meme, I love you.”

Shortly after Musk’s tweet, the collection shot to the top of the NFT marketplace #OpenSea, with peak prices of $13,700 worth of ether (ETH) per NFT.

In the last 24 hours, trading volumes increased to over 12,000 ether, valued at over $22 million, according to OpenSea data. The data indicate that this was a tenfold increase from the previous week.

The Elon Effect

The most popular token mentioned in Musk’s tweets, dogecoin (DOGE), has shown to experience significant price increases as a result of his tweets. Musk stated he was working with Dogecoin developers to increase system efficiency in a tweet from May 2021, which immediately saw a 22% increase in the value of the tokens.

When Musk announced that #Tesla (TSLA), an electric vehicle manufacturer, would accept the token as payment for its goods in December 2021, dogecoin saw a 33% increase.

However, these spikes are short-lived as traders and automated bots swarm to the tokens Musk mentioned on Twitter in response to his tweets, only to sell them for a healthy profit days later. Price charts typically show a brief spike and a slow sell-off for this.

Mild NFTs may experience the same trading activity in the coming days. Despite the high volumes, prices have already fallen 7% from Thursday, suggesting a sell-off may already be underway.