After Elon Musk opted to replace the well-known Twitter bird symbol with Dogecoin's Shiba Inu image, global Google searches for the cryptocurrency Dogecoin skyrocketed by nearly 2,000%, as revealed by a report on Tuesday.
This impressive spike in search interest was a twenty-fold increase compared to the average level in the preceding week.
Search terms like 'Buy Doge' and 'buy Dogecoin' witnessed substantial growth, with rises of around 1,000% and 250% respectively. At the same time, Shiba Inu coin searches experienced a 132% increase.
Godfrey BenjaminAs reported by U.Today, Dogecoin's price has surged by more than 30%, securing its position as the seventh most valuable cryptocurrency on CoinMarketCap.com, ahead of Cardano.
Twitter's famous bird logo was unexpectedly swapped with the viral Doge earlier this week, leading to an 8% increase in Dogecoin's value. This logo switch occurred after billionaire Elon Musk took control of the social media platform in a $44 billion deal in October 2022. Twitter users have had mixed reactions to the change, with some finding it amusing and in line with Musk's sense of humor, while others question whether the platform was hacked or if it's a late April Fool's joke.
Arman Shirinyan
Vladislav Sopov
Dan Burgin
U.Today Editorial Team