{"id":11302,"date":"2023-04-04T10:33:51","date_gmt":"2023-04-04T10:33:51","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11302"},"modified":"2023-04-04T10:33:51","modified_gmt":"2023-04-04T10:33:51","slug":"dogecoin-overtakes-cardano-after-twitter-goes-doge-crazy","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11302","title":{"rendered":"Dogecoin overtakes Cardano after Twitter goes doge-crazy"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Dogecoin flips Cardano for seventh ranking after Twitter replaced its homepage logo with a doge.<\/p>\n<h2>Dogecoin soars on Twitter logo replacement<\/h2>\n<p>On March 3, Twitter incorporated a doge on its load screen \u2014 also replacing its blue bird homepage logo with the iconic picture.<\/p>\n<p>The chart below shows that the ensuing buying frenzy kicked off at 18:30 (BST) \u2014 prompting a 24% spike in the 30-minute candle. Momentum took the coin as high as $0.1047, marking a 17-week high.<\/p>\n<p>Profit-taking since the local top saw a dip that bottomed at $0.0891. Nonetheless, the move was enough to overtake Cardano as the seventh-largest cryptocurrency by market cap.<\/p>\n<p>Source: DOGEUSD on TradingView.com<\/p>\n<p>The trough-to-peak move added $3.4 billion to Dogecoin&#8217;s market cap. Despite the subsequent price dip, DOGE has managed to retain the majority of the gains. Its current $13.65 billion market cap marginally edges above Cardano&#8217;s $13.58 billion valuation.<\/p>\n<p>Amid a generally flat market, Dogecoin leads the 24-hour gainers \u2014 gaining 25% over the period. The next biggest is Injective (INJ,) having recorded 8% gains over the same period.<\/p>\n<h2>Critics blast the move<\/h2>\n<p>Following Elon Musk&#8217;s Twitter purchase in October 2022, rumors circulated of a crypto integration. However, by January, the social media giant poured cold water on the rumors.<\/p>\n<p>Twitter said it was exploring how to incorporate digital payments, including acquiring relevant regulatory licensing \u2014 adding that crypto functionality may come later.<\/p>\n<p>It&#8217;s unclear whether Monday&#8217;s stunt indicates coming crypto integration. Musk has posted several tweets in response to the move, including a meme on the blue bird being &#8220;an old photo&#8221;.<\/p>\n<p>However, at face value, it seems like the move was motivated by a conversation with @WSBChairman, who suggested the change.<\/p>\n<p>Source: @elonmusk on Twitter.com<\/p>\n<p>Referencing past run-ins Musk has had with regulators, as well as the current Operation Chokepoint 2.0 situation, Ivan on Tech sarcastically called on the SEC to take action.<\/p>\n<p>However, taking a more serious tone, Brad Mills blasted Musk for promoting &#8220;degenerate get-rich-quick crap&#8221; over Bitcoin.<\/p>\n<p>&#8220;Elon is contributing to financial illiteracy &amp; wealth inequality.&#8220;<\/p>\n<p>The post Dogecoin overtakes Cardano after Twitter goes doge-crazy appeared first on CryptoSlate.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/dogecoin-overtakes-cardano-after-twitter-goes-doge-crazy\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin flips Cardano for seventh ranking after Twitter replaced its homepage logo with a doge. Dogecoin soars on Twitter logo replacement On March 3, Twitter incorporated a doge on its load screen \u2014 also replacing its blue bird homepage logo with the iconic picture. The chart below shows that the ensuing buying frenzy kicked off [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-11302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11302"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11302\/revisions"}],"predecessor-version":[{"id":11304,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11302\/revisions\/11304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11303"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}