Musk’s opinion on the replacement of the Bluebird to Dogecoin 

 On Monday, Twitter’s blue bird as social media logo is replaced by Dogecoin Shiba Inu Dog.  This meme helps to increase in value of the meme coin to $4 billion to its market value. As a satire of the cryptocurrency of frenzy in 2013, the token was born. It has no fundamental use. As Musk had promised to change the logo of the Twitter handle to dogecoin dog, on Tuesday the coin value surged to 10 cents around 1500 EST from 7 cents.

Dogecoin is now the seventh-biggest cryptocurrency with a market capitalization of $13.7 billion. This is stated according to the data site CoinMarketCap.com. Dogecoin’s market value stood at around $10 billion before this news. Fobes has ranked Musk as the second richest person in the world. He is a vocal proponent of cryptocurrency. He has heavily influenced the prices of dogecoin and Bitcoin in the past.

Elon Musk partnered companies overview on the replacement of Bluebird

On Friday, the Tesla boss asked a US judge to throw out a $258 billion racketeering lawsuit. This accuses him of running a pyramid scheme to support a dogecoin. The dog father by retail, traders purchased Twitter for $44 billion. Hence, Dogecoin has been doubled in October respectively.  Binance the cryptocurrency exchange has invested $500 million into the Musk buyout of Twitter. Musk said it was brainstorming strategies on how blockchain and crypto would be helpful for Twitter. 

Stephane Ouellette, Chief Executive at digital asset investment platform FRNT Financial said that after one year Twitter has yet to announce any crypto-specific initiatives. He also said that it remains to be seen whether the logo of Twitter is yet to be more than a joke. On Tuesday, the Shiba inu token, a spin-off of Dogecoin which trends in fractions of cents rose 5.6% to $0.000014 respectively.