Dogecoin (DOGE) Boosts 7% as Tesla Phone Talks Surface on Twitter

Elon Musk holding a cap with sunglasses in it and Shiba Inu on a seesaw

The possibly forthcoming Tesla Smartphone has the power to turn Twitter into an all-in-one app with Dogecoin (DOGE) as the default payment method. This plan for Twitter 2.0 started as a hypothetical situation for Elon Musk but soon came closer to reality as Apple allegedly threatened to remove Twitter from the App Store without a specific reason given.

The clash of perspectives between Musk and Apple sparked an intense discussion on Twitter, where everybody had to take a side. “Do you want Elon Musk to make a Tesla phone?” – 67,070 voters answered this question on a poll set up by World Of Statistics. 59% of voters agree with the Dogefather’s idea, while actor and comedian Terrence K. Williams asserted: “I was born without an Apple iPhone and I can live without an Apple iPhone.”

DOGE is Back Above Key Resistance Line

As the squabble between Twitter and Tesla CEO Elon Musk and Apple unfolds, DOGE’s market price reacted bullishly to the news, having gained 7.77% in the last 24 hours. At press time, the top dog memecurrency is priced at $0.103462, according to CoinGecko.

The question is: back above the key resistance line, will DOGE be able to keep the support level of $0.10? DOGE has been below the mark for the better part of November. Besides, the DOGE Army is not too optimistic about the price predictions for the end of the year, assuming DOGE will change hands at $0.08995 on New Year’s Eve. 

Over 1,000 voters set the DOGE price estimate on CoinMarketCap’s Estimate tool, as its total market capitalization shrunk by $7 billion since the yearly peak of $21.3 billion on November 1st, 2022. However, the DOGE Army on Twitter remains sanguine with #DogecoinToTheMoon memes and substantial hype built on the canine coin’s key role at Twitter 2.0.

On the Flipside

  • In spite of the recent bull run, DOGE is still 50.4% in the red in yearly terms.
  • The popular canine coin is also 86% down from its all-time high (ATH) set at $0.73 on May 8th, 2021.

Why You Should Care

The clash between Twitter Boss Elon Musk and the Californian IT titan Apple could accelerate the integration of DOGE into the social platform.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimasevskis is an author & reporter, focusing on the latest tendencies of the crypto galaxy. Tadas spends his time digging deeper into specific areas like coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art, and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.