Dogecoin price spikes after Elon Musk changes Twitter logo to the Shiba Inu dog

https://www.npr.org/2023/04/04/ [login to see] /dogecoin-elon-musk-twitter-logo
The price for cryptocurrency Dogecoin spiked by about 30% Monday after Twitter CEO Elon Musk changed the app logo from its blue bird to a Shiba Inu dog, a symbol often associated with the coin.

Dogecoin, founded in 2013, has gained popularity in the last couple of years. There was a concerted movement to get the coin to $1, which has not yet happened. Shortly after 11 p.m. Monday, the coin was valued at about 1 cent.

The sudden logo change is a callback to when a Twitter user suggested Musk buy the company and change the logo.