Jump to
Main Blog Coins DOGE is back in the spotlight

DOGE is back in the spotlight

Pic 1

According to CoinGecko, on July 25, meme cryptocurrency Dogecoin surged by 9% in 24 hours. In the past week, its price went up by almost 15%, which is the highest result since April. As of the time of writing, DOGE has gone up by 2% in the last day and currently stands at $0.07. 

Such a significant increase was triggered amid the news about Twitter’s rebranding, as it was stated earlier that DOGE might become one of the payment options on the renewed social media.

Elon Musk, the CEO of Tesla and SpaceX, has been a prominent figure in the world of cryptocurrency since 2020, when he first started promoting DOGE. His tweets often influence the market, and they are especially important for his favourite crypto Dogecoin. Two days ago, he tweeted the new logo of the platform, initially shared by a DOGE designer. Moreover, Musk added the Dogecoin’s symbol in his profile, making its price rise again.

A quick reminder: Dogecoin appeared on the scene back in 2013 and originally was invented by a group of engineers based on the popular Internet meme for fun. However, now DOGE is the eight biggest cryptocurrency in the world, with a market capitalization of about $11 million. 

However, with Musk’s involvement, there are concerns about legal issues lying ahead. A trademark attorney with Gerben Intellectual Property Josh Gerben forecasts court battles surrounding Twitter's rebranding in the near future. He notes that Meta and Microsoft already have similar “X” trademarks for their services and products, so it may be a problem both for Musk and DOGE, which is probably going to be integrated in the platform.

Also read: PEPE mania 2023: what's wrong with memecoins

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

0
Share this post
Similar articles
Best investment options for 2023
Markets
16 February, 2023
Best investment options for 2023
Let’s explore all the pros and cons of currencies, cryptocurrencies, stocks, real estate, and precious metals.
The difference between coin and token: understanding crypto assets
Learn
24 April, 2024
The difference between coin and token: understanding crypto assets
Discover the key differences between coins and tokens in the cryptocurrency ecosystem. Learn about their features, roles, and examples in this comprehensive guide.
NFT NYC 2022!🌐🦄
Events
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
AIBC Americas 2022
Events
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
ETH NEW YORK 2022 🌐🦄
Events
24 June, 2022
ETH NEW YORK 2022 🌐🦄
ETH NEW YORK 2022.
Top 5 NFT games in 2024: the future of blockchain gaming
Learn
19 June, 2024
Top 5 NFT games in 2024: the future of blockchain gaming
In this guide, the itez team has gathered the freshest and most exciting information about the Play-to-Earn (P2E) segment and NFT games.