The value of Dogecoin surged against Pakistani Rupee (PKR) following the change in Twitter’s logo from the bird’s symbol to Doge symbol.
Elon Musk, CEO of Twitter, recently replaced the platform’s blue bird logo on the company’s website with an image of a Shiba Inu – the same breed of dog that is used as the logo for Dogecoin, the popular digital cryptocurrency.
As per the open exchange rates, the value of Dogecoin has risen by 22.7 per cent against the Pakistani Rupee, with the current value at Rs27.40 as on March 04, 2023, compared to Rs22.30, which was the value on April 02, 2022. This indicates a significant increase of Rs5.07 in value.
The current exchange rate for one Dogecoin in Pakistani Rupees marks an increase of 1.86 per cent or ₨0.51 from the exchange rate of previous day.
According to CNBC, Tesla made an announcement in December 2021, that it would start accepting Dogecoin as payment for merchandise. Elon Musk took to Twitter to state that they would “see how it goes” in regards to this decision. Following this tweet, Dogecoin experienced a rise in value of more than 20 per cent.
The excitement continued in January 2022, when Musk once again used Twitter to announce that Dogecoin payments were live. This news led to a significant jump of up to 15 per cent in the value of the cryptocurrency.
Following are today’s Dogecoin rates in PKR and USD:
As on 06:41 AM Pakistan Standard Time (PST) on April 04, 2023, the exchange rate for one Dogecoin in Pakistani Rupees (PKR) is Rs27.40 in the open exchange market. This rate has been compared to the previous day’s closing rate of Rs22.32.
Furthermore, the exchange rate for one Dogecoin in US Dollars (USD) is $0.10 as of the same time and date, which is an increase from the previous day’s closing rate of $0.08.
READ MORE: Dogecoin rates in PKR and USD on April 03, 2023
READ MORE: Bitcoin rates in PKR and USD on April 04, 2023
READ MORE: Ripple rates in PKR and USD on April 04, 2023
Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
