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Twitter owner, Elon Musk commented on the change saying that the same was in the pipeline for a while
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Even though memes flooded worldwide, the preordained trend, helped surge Dogecoin’s value more than 30%
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The new Twitter mascot logo helped the meme coin surge reached $0.1016, which is believed to be at a month’s high
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The change follows the $258 billion lawsuit accusing Musk’s of his operating techniques to support the said currency
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In spite of the surge, analysts believe that the currency may not sustain the rise due to weak fundamentals
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Elon Musk has been hopeful of Dogecoin reaching its peak with the current publicity stunt, unlike the analysts
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Dogecoin happens to be the 8th largest Cryptocurrency and is estimated to have a market cap of $13.49 billion
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