Twitter Changes Logo to DOGE: Meme Coins Jump in Value

According to reports, on Monday, Twitter changed the webpage logo icon from Blue Bird to DOGE Dog avatar, and the price of Dog Coin (DOGE) almost immediately soared. Several other Meme coins with the theme of Chaigou also saw a significant increase, with an average increase of 14% in the entire sector. Large market value tokens such as SHIB have increased by 10%, while small market value tokens such as FLOKI, KISHU, and BABYDOGE have increased by 25%. In addition, the zkDoge and zkShib on the zkSync blockchain launched in March saw a 100% increase.

Viewpoint: The rise of Chaigou related Meme coins is unsustainable and does not require excessive interpretation

On Monday, Twitter made a surprising move by switching its iconic logo from the Blue Bird to a DOGE Dog avatar. Following this, the price of the Dog Coin (DOGE) started taking a surge, and not just DOGE, several other Meme coins with the theme of Chaigou experienced a significant increase in value as well, with an average rise of 14% in the entire sector. But that’s not all; some of the larger market value tokens like SHIB raised by 10%, while small market value tokens like FLOKI, KISHU, and BABYDOGE skyrocketed by 25%. Moreover, the zkDoge and zkShib on the zkSync blockchain launched in March saw an impressive increase of 100%.

What Contributed to the Rise of Meme Coins?

As with all meme coin fluctuation trends, this jump in value doesn’t come as a big surprise, especially when considering the past craze for them. The sudden change in Twitter’s logo had led to speculation and buzz about the possibility of the social media giant supporting the Dogecoin, which we know is an absolute fan favorite in the world of meme coins. And the subsequent rise in value was sort of expected.

BUT, What Makes Memes Coins So Enticing?

When we talk about meme coins, whether it’s DOGE, SHIB, VARO or any other, the first thing that comes to our minds is the uncertainty around it. It’s precisely this unpredictability that makes meme coins both exciting and fascinating for many traders, investors, and enthusiasts. Though the price of DOGE had been pretty much stagnant for the past few weeks, with the recent reveal of Musk’s comments and Twitter’s logo change, Dogecoin and other Chaigou-themed coins skyrocketed within minutes. However, whether this sudden rise in value will sustain itself or not will depend on several factors like hype around the coins, community engagement, and mainstream adoption.

Is Investing in Memes Coins Risky?

There’s no denying the fact that the cryptocurrency market is volatile, and meme coins even more so. One cannot deny that investing in these coins comes with a high degree of risk, and it’s not advisable for everyone, especially newcomers in the trading space. Even though most of the meme coins have seen tremendous growth this year, it’s best to research thoroughly before investing your hard-earned money.

Conclusion

Considering Twitter’s previous stance on cryptocurrencies and its recent logo change to Dogecoin’s theme, many believe that this is Twitter’s way of saying that it accepts meme coins. Whether this is true or not, only time will tell, but for the moment, the meme coin market is booming. With an increase in demand and value, it’s worth acknowledging and tracking the rise of meme coins.

FAQs

**Q1. Can I make massive gains on meme coins like DOGE and SHIB?**
A: It’s not impossible, but investing in meme coins comes with a high degree of risk.
**Q2. Why are meme coins so popular?**
A: Its unpredictability and the hype surrounding them are just some of the reasons why many find meme coins exciting.
**Q3. Should I invest in meme coins?**
A: It entirely depends on your financial situation, goals, and willingness to take risks. But always make sure to research thoroughly before investing.

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