Changing the Twitter logo for no reason is Elon Musk’s new achievement. The talented billionaire shook up not only the twittosphere but also the crypto world. The price of a cryptocurrency is experiencing meteoric growth as bitcoin and altcoins stagnate. The story of a surreal day.
Twitter takes the lead in dogecoin cryptocurrency
We no longer count the enthusiasm of Elon Musk. Lately, it’s been blowing hot and cold about the future of the Twitter network and DOGE. But the bizarre billionaire surprised his fans once again… just as those who opposed him. On April 3 at 7:00 pm in Texas (4:00 pm France time), Musk’s only message was “MetamorphosisAI” and a picture of a butterfly during traffic control. Butterfly gives her ID card with the picture of a wolf on it and tells the police “this is an old photo“. So far, nothing extraordinary. Elon Musk evokes a worm turning into a butterfly. A weird tweet like any other from the tech king.
— Elon Musk (@elonmusk) April 3, 2023
A few hours later, he posts another slightly different picture from the previous one, with a shiba inu head and Twitter bird on his ID card instead of a worm. And the beautiful bluebird, the legendary ornithological figure of the Twitter network, has disappeared from the web interface. Instead, it’s a shiba inu head. The Shiba Inu is a Japanese dog breed that has become popular since the Squeezie (and others) adopted it. Is Elon Musk a Shibas fan? Possibly, but the answer is more complex depending on the level of analysis we allow ourselves.
Be that as it may, the virtual currency has done well more than 35% In a matter of hours, the market is still bleak and bearish, especially since the TerraLabs incident. motivated by FOMO (“fear of missing out” = “fear of missing out”), cyber investors bought DOGE. The excitement has passed, the crypto price has been slowly falling since then. But within 24 hours, 5.13 billion DOGE was still exchanged on the blockchain.
Here are 4 theories explaining the change of Twitter’s historical logo for dogecoin:
- Elon Musk is making an April Fool’s joke.
Elon Musk lives on another planet (usually on the moon anyway) and has a small time difference with planet Earth. That’s why he’s making an April Fools’ Day on April 3rd instead of April 1.thing April.
- Elon Musk is making a rich joke.
Elon Musk sneers at investors who criticize the crypto market, in this case, for changing the price of dogecoin and taking advantage of it. It is the cryptocurrency that has been repeatedly praised by the boss of Tesla and SpaceX. But a few investors broke their teeth. They filed a collective complaint against Elon Musk in the Southern District Court of New York in June 2022, Demanding a modest sum of $258 billion.
Coincidentally, on April 3, Elon Musk and his companies sued the US court for the dismissal of the case… Lawyers considered the plaintiffs’ action a “a work of fiction” and Musk’s tweets “harmless and often stupid“About Dogecoin.
- Elon Musk is a smart trader.
On behalf of the former creator of Paypal, a nosy tech junkie, it’s hard to naively believe he doesn’t know the impact his influence has on the markets. The price of this coin skyrocketed when Musk announced support for dogecoin for buying or charging a Tesla. Every tweet, negative or positive, has directly or indirectly changed the price of Dogecoin.
Elon Musk is therefore a ” LONG “. He buys DOGE hoping it will rise and sells his cryptos as soon as it hits the expected level, collecting a nice bonus in the process. Fundamentals of trading.
- Elon Musk is a very smart entrepreneur.
By replacing Twitter’s historic logo with that of a cryptocurrency, it shows what many were hoping for. Twitter will no longer be just a huge social network or messaging network, but a payment platform as well.
Earlier this year, the very serious Financial Times revealed that Twitter is developing a payment system. Now that the former creator of Paypal is the mighty boss of Twitter, it would make sense to support DOGE and/or other cryptos. Musk loves the libertarian spirit of cryptocurrencies. Still, it could be a way to probe the tweeto community and demonstrate its commitment to paying with cryptos (including DOGE).
The truth may be a mix of all of these. A few hours later, Elon Musk posted the screenshot below with “message. as promised “.
as promised pic.twitter.com/Jc1TnAqxAV
— Elon Musk (@elonmusk) April 3, 2023
Elon Musk took the word of financial influencer @WSBchairman after buying Twitter. At least one pirouette to explain this amazing move. Funny, when you initially know that this cryptocurrency is a developer’s joke. While anyone is creating cryptos with no real foundations, Billy Markus and Jackson Palmer In 2013, he invented a dog-headed cryptocurrency that was more accessible than Bitcoin. Dogecoin was born. Now with Elon Muskle in front of serious projects like DOGE, Polygon (MATIC) or Solana (SOL) the 8th largest crypto capitalization!
