Dogecoin ( DOGE ) experienced a surge of more than 30% in a few minutes after Elon Musk's Twitter replaced the blue bird with the meme coin's Shiba Inu dog logo. The price of DOGE soared to 11 cents from 8 cents before the change. In the past, Musk has shown himself to be a fan of the cryptocurrency, even suggesting that it may offer better payments functionality than bitcoin. There is a report that Twitter was designing a system for payments through its platform with Musk acknowledging that he wanted the ability to add cryptocurrencies. The meme coin's price experienced an upswing following the story's publication. Around an hour after the logo change, Musk tweeted a cartoon image as his first public comment. Dogecoin's price last exceeded 10 cents in December, according to CoinDesk data. Despite its bullish price action in 2021, Dogelon Mars (ELON) currently stands 87% down from its all-time high. Although the coin has lost most of its gains since it surged at the start of 2023, it remains one of the most popular memecoins with a market cap of $180 million.