Dogecoin price has risen by over 15% in the last week as it looks to break the 0.1$ mark for the second time in April.
The popular doge-themed memecoin has, alongside the general cryptocurrency market, suffered a lot of set back in the past months. However, DOGE has gathered some success in the last months, the biggest of with came earlier in April when Billionaire Elon Musk changed the Twitter icon to a Dogecoin avatar.
This unexpected decision stirred a huge hype around the coin, significantly increasing the price and breaking the 0.01$ level for the first time in 2023.
Read Also: Dogecoin (DOGE) Up by 5% Following New Twitter News; Here’s Why
Doge Price Drops by 8% As Twitter Removes Logo
Dogecoin faced a downward trend on Friday, the 7th of April, after Twitter made a significant move by removing the iconic doge logo from its platform. Earlier in the week, the meme-based cryptocurrency had soared to a four-month high when Twitter surprisingly added a cartoon image of Doge to its website.
However, the tables turned as the social media giant took down the beloved Doge logo, declining Dogecoin’s price. The overall crypto markets were mostly in the red, except for XRP, which stood out with a different trend.
Dogecoin Approaches 0.1$ Again
DOGE has had an impressive bounce back from the Twitter logo removal incident. With over 15% rise in the last week, the popular dog coin is on its way to breaking the 0.1$ mark for the second time in April.
Read Also: Dogecoin Trading Volume Hits $3.5B Following Twitter-Induced Rally
At the time of writing, Dogecoin is trading at 0.09269$ with a trading volume of $279,636,000.