Elon Musk chose to replace the famous Twitter bird symbol with the symbol of Dogecoin (DOGE). This development has increased DOGE’s search volume. Also, a DOGE address that has been dormant for a while has also taken action. Here are the details…
Elon Musk triggered DOGE searches
Global Google searches for the cryptocurrency Dogecoin skyrocketed by nearly 2,000 percent, according to a report released Tuesday. This impressive increase in search interest was twenty times higher than the previous week’s average. Search terms like “Buy Doge” and “Buy Dogecoin” witnessed significant growth, with increases of around 1,000 percent and 250 percent, respectively. At the same time, there was a 132 percent increase in searches for Shiba Inu coins.
The report underlined that there was a 38 percent increase in searches for “Twitter” on Google last week as users observed the logo change. More than 70 percent of top searches for Twitter in the past week were related to the new symbol, which has sparked excitement among the online community. cryptocoin.com As we have also reported, with the logo change, the price of Dogecoin increased by more than 30 percent, ahead of Cardano. Thus, it solidified its position as the seventh most valuable cryptocurrency.
Twitter’s famous bird logo was unexpectedly replaced by Doge earlier this week, leading to a surge in Dogecoin’s value. This logo change comes after billionaire Elon Musk took control of the social media platform in October 2022 in a $44 billion deal. Twitter users had mixed reactions to the change, with some finding it amusing and in line with Musk’s sense of humor.
DOGE address actuated
Meanwhile, there has been another exciting development in the Dogecoin community. An inactive address holding 1,215,614 DOGE ($116,460) has been activated after 9.3 years of inactivity. This awakening coincided with a recent surge in global Google searches for the cryptocurrency, which surged nearly 2,000 percent after Tesla CEO Elon Musk replaced Twitter’s iconic bird logo with Dogecoin’s Shiba Inu image.
The timing of the account’s activation has many people wondering if this has anything to do with the new Twitter logo that has brought the meme coin back into the limelight. The meme coin experienced its first significant surge in popularity in early 2014. Originally created just as a joke, the coin quickly gained a loyal following thanks to the enthusiastic community that has formed around it. During this time, supporters of the Bitcoin parody coin came together for various charitable causes and initiatives. This has made it possible to further increase its visibility and help establish itself as a legitimate player in the world of cryptocurrencies.
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