The Dogecoin community is gearing up for 'Dogeday'
experienced a setback earlier this month when Twitter decided to revert to its iconic bluebird logo, replacing the Doge meme that was temporarily swapped in by Elon Musk.
The change had initially resulted in a massive surge in interest and a 30% increase in the cryptocurrency's value, briefly pushing Dogecoin ahead of Cardano . Following the return to the bluebird logo, the meme token's value plummeted by 9%. The Dogecoin community is hopeful that the upcoming 4/20 date will help the cryptocurrency regain momentum after the disappointing logo change outcome.
The initial swap to the Doge meme had driven a sharp increase in Google searches, but the resulting price rally was relatively modest. This has led some market observers to question whether Elon Musk's influence on the cryptocurrency's value is waning.
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