Why is Dogecoin price up today? By Cointelegraph

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© Reuters

Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk’s latest cryptic stunt.

In what appears to be a late April Fool’s joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin’s symbol — a dog featured in viral memes. Later, Musk tweeted a meme recognizing the change.

daily price chart. Source: TradingView
DOGE/USD daily price chart. Source: TradingView
DOGE/USD weekly price chart. Source: TradingView/Crypto Kaleo