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Dogecoin Woofs Away Russian Bearishness

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Dogecoin traded about 4% higher over 24 hours leading up to Wednesday morning. DOGE was among the most mentioned coins on Twitter ($TWTR@US). Several developments spurred its rise. On Tuesday, a United Kingdom-based law firm Gunnercooke said its legal office has become the first significant such entity to accept cryptocurrency payments including DOGE. Meanwhile, CEO and DOGE-bull Elon Musk took a dig at Web3 on Tuesday in a tweet. He shared a meme that featured Google ($GOOGL@US) founders Sergey Brin and Larry Page and Ethereum co-founder Vitalik Buterin across various so-called iterations of the web. DOGE co-creator Billy Markus responded through a meme of his own that represented "web4," featuring a Shiba Inu superimposed on a human figure. Additionally, a petition asking Twitter ($TWTR@US) to add DOGE as a tipping option has garnered more than 5,700 signatures. On Tuesday, DOGE-centric Twitter handles Mishaboar shared the petition and noted that DOGE and tipping have been “synonyms from the early Doge days.”

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