Meme cryptocurrency has witnessed a sudden market boom as the price of the coin started to climb sharply on Monday.
The primary cause of the price surge is a random Elon Musk decision to change a Twitter icon within the user dashboard to Dogecoin.
As a result, DOGE surged by over 22% at the time of writing, as the price of the cryptocurrency soared from $0.077 to $0.097 in minutes.
As the hype around the news mount, approximately $1.7 billion has been pumped into Dogecoin’s market capitalization in an extremely short period of time pushing the meme coin’s market cap to reach $12.76 billion, the highest figure since December 2022.
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Source: https://finbold.com/dogecoin-skyrockets-after-musk-randomly-changes-twitter-icon-to-dogecoin/