- Dogecoin (DOGE) soars 25% to reach $0.10 for the first time since November 2022.
- The top dog memecoin overthrows Cardano (ADA) by global market capitalization.
- Shiba Inu (SHIB), Floki (FLOKI), Baby Doge Coin (BABYDOGE) fetch significant gains.
The memecoin-inspired altcoin rebound rally may have returned as Twitter’s logo unexpectedly switched to an image of the Japanese guard dog Kabosu. The image portrays the beloved dog that has inspired multiple memecoins and built a tight-knit community.
Twitter CEO Elon Musk, followed the logo change with a tweet saying he kept his promise to the WSB Chairman of the Wall Street Siren.
Shiba Inu (SHIB), Dogecoin (DOGE), Floki (FLOKI) and Baby Doge Coin (BABYDOGE) all went on a sprint run, gathering enough bull power to bring Bonk (BONK) back from the dead with 18% gains. Floki recorded 11.1% in the green and is now trading at $0.00003838, just outside the TOP 100 by global market cap. On the same note, the 15th-ranked Shiba Inu (SHIB) is trading at $0.00001139, with a 5.2% increase in the last 24 hours.
Who Let The Dogs Out?
Most notably, Dogecoin (DOGE) managed to break the upper-scale resistance level of $0.10 for the first time since November 8th, 2022, when the chaotic Twitter Takeover occurred.
At press time, Dogecoin (DOGE) is trading at $0.100414, according to CoinGecko. DOGE snatched away the #7 spot from rival altcoin Cardano (ADA), with both showing bullish tendencies in the hourly charts. At press time, DOGE’s global market cap stands at $14.05bn, a $2.75bn increase in the last 3 hours.
On top of that, Elon ‘Chief Twit’ Musk posted a comics style meme with the DOGE mascot riding a light green Cadillac in a butterfly costume, which reads, “That’s an old photo,” while the confused police officer stares at the blue bird’s driver’s license.
On The Flipside
- As this bull run for the top dog memecoins is based on Twitter’s surprising makeover, it’s hard to determine if the price movement can break the bullish pennant DOGE had been following since the infamous “Twitter Takeover.”
Why You Should Care
Crypto Twitter is boiling with dog-themed memecoin related hashtags like #SHIB, #DOGE, #FLOKI, SHIB Army, DOGE Army. Social mentions have been known to ignite bull runs for major altcoins.
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- Source: https://dailycoin.com/dogecoin-pumps-25-after-twitter-changes-logo-to-doge-mascot/
