Today Twitter users are noticing that an image of a dog has been added to a place of prominence. You can see it for yourself on Twitter.com, where you will be greeted with a pup: Although it's common for apps to change or add icons, Twitter's recent update featuring a shiba inu - the same breed of dog as the mascot for Dogecoin - has caused quite a stir in the cryptocurrency market. Investors have driven up the value of Dogecoin, citing Twitter's inclusion of the meme-inspired cryptocurrency's logo as the reason for the sudden surge. While such news may not typically be newsworthy, this particular update has created a pump in the crypto world, leaving many wondering if this will lead Dogecoin "to the moon." Here’s what dogecoin’s price has done in the wake of the dog’s inclusion: Twitter's recent inclusion of a shiba inu icon, reminiscent of Dogecoin's logo, has garnered attention in light of Elon Musk's ongoing legal battle over the cryptocurrency. In the lawsuit, Musk's lawyers have described Dogecoin as a "legitimate cryptocurrency" with a market cap of nearly $10 billion, arguing that Musk's tweets about the currency were merely expressions of his personal opinion. It's possible that the Twitter update is part of Musk's larger strategy in the litigation. Since the update, the value of Dogecoin has skyrocketed to $12.4 billion, leading many to speculate that the crypto winter may finally be over.
