The value of "Dogecoin" surged following American billionaire Elon Musk's sharing of Twitter's new "X" logo. The website "Benzinga" reported that Dogecoin experienced an increase of over 7 percent, trading at a price of $0.080. It pointed out that "over the past week, Dogecoin saw an 18 percent rise, making it one of the best-performing cryptocurrencies in recent days."
The reason behind this sudden spike was attributed to Twitter's owner and the world's richest man, Elon Musk. On Tuesday, Musk made a promotional announcement for Twitter's new logo, which was originally shared by Dogecoin's designer, "Doge Designer."
Interestingly, Musk also added the Dogecoin symbol to the website section of his official Twitter page. Given Musk's well-known history of publicly supporting Dogecoin, this minor adjustment to his Twitter profile sparked speculation regarding his intentions.
