The Litecoin founder’s Twitter profile photo now includes a Shiba Inu puppy. It is however dedicated to Dogecoin
LTC founder Charlie Lee’s Twitter profile photo now includes a Shiba Inu puppy. It is not, however, dedicated to the second most popular meme currency of the same name. It was added by Lee to convey his appreciation for Dogecoin and its mining community.
Litecoin founder adds Shiba Inu on Twitter
Lee posted to Twitter earlier this week to gloat about Litecoin’s new all-time high mining hashrate of 500 TH/s. He explained that this was partly due to the DOGE mining community, as Litecoin and Dogecoin are both mined simultaneously.
The tweet referencing the ATH boosted the Litecoin price a little bit.
Miners are compensated for assisting in the verification of transactions on both chains, which is known as merge mining.
During the debate under the joyful tweet, a DOGE army member proposed that, since Lee is a fan of the original meme cryptocurrency, he should change his Twitter background photo to something incorporating Dogecoin.
Lee stated that if a proper portrait of himself was done, he would consider displaying it.
A Shiba Inu dog—the initial symbol of Dogecoin—walks alongside human characters in virtual reality, representing Bitcoin and Litecoin, according to the LTC founder’s Twitter account. DOGE is held in the Shiba’s paw.
Since that day’s high of $106, LTC has lost about 10% of its value, falling to $95.50.
According to CoinMarketCap, Dogecoin has also dropped by 6.43 percent. Following Bitcoin’s 8% drop from $39,000 to $35,900 by the time this article was written, the cryptocurrency market has been in the red for the past two days.
