Musk Rebrands Twitter to X: DOGE Spikes on the News

by BSC News

July 24, 2023


Elon Musk's rebranding of Twitter to X.com spurs Dogecoin's value as speculations arise for future crypto integration.

Musk's Twitter Rebrand to X.com Ignites Dogecoin Surge

Visionary entrepreneur and Tesla CEO Elon Musk once again grabbed headlines as he unveiled the rebranding of the social media giant Twitter to X.com

The move reflects Musk's audacious approach to business and has intriguing implications for the digital currency market, particularly Dogecoin. 

Since Musk acquired Twitter, the world has been keenly observing innovative changes. The unveiling of X.com signifies the first significant shift. Musk updated his bio on the platform with the Dogecoin symbol along with the rebranding announcement. 

Coinciding with the change, Dogecoin's price experienced a surge of almost 10%, from 0.07144 to 0.07785, according to CoinMarketCap. Although the price has since settled to around 0.07513, this phenomenon reaffirms Musk's influence on the digital currency markets, especially Dogecoin. 

As Musk's plan to transition Twitter to X.com proceeds, experts predict that Dogecoin's positive trend will follow suit. Further, unofficial sources suggest that X.com may incorporate Dogecoin and other cryptocurrency transactions, establishing an exciting social media and digital currency future.