Twitter's Dog Image Update Triggers Spike in Dogecoin Value

Twitter.com's latest update features an image of a Shiba Inu, the same breed of dog as the logo of the dogecoin blockchain and cryptocurrency. This change, which may seem minor, has resulted in a significant increase in the value of dogecoin.

The addition of the dog image to Twitter's interface is usually not noteworthy. However, this particular image is related to a legitimate cryptocurrency that has been in the news recently due to a lawsuit involving its most prominent promoter, Elon Musk. In the suit, Musk's lawyers claimed that dogecoin is a legitimate cryptocurrency that has a market capitalization of almost $10 billion.

It is unclear if the inclusion of the dog image in Twitter's app update was a strategic move by Musk's legal team to further bolster the legitimacy of dogecoin. However, it is clear that the update has had a tangible effect on the market value of the cryptocurrency.

Social media has played a significant role in the rise of dogecoin's popularity. Elon Musk's tweets about the cryptocurrency have helped to increase its value, while Reddit communities dedicated to dogecoin have also played a part in promoting it.

The dog image update is currently visible to Twitter users on the website, and it is expected to roll out to the mobile app in the near future. It remains to be seen whether this update will continue to impact the value of dogecoin, but it is clear that the cryptocurrency's popularity shows no signs of waning.