Dogecoin (DOGE) Drops Below Support as Ye Gets Banned from Twitter Again

Dogecoin (DOGE) Drops Below Support As Ye Gets Banned From Twitter Again

The top dog memecoin Dogecoin (DOGE) is constantly in the spotlight on Crypto Twitter ever since Elon Musk acquired it. Currently, the canine coin’s market price fluctuates depending on the developments of Twitter 2.0. At press time, DOGE is changing hands at $0.099559, according to CoinGecko. Unfortunately, the popularity of the memecoin wasn’t enough to stay above the crucial $0.10 zone, as the last 24 hours marked a 2.5% deficit. In spite of the sudden drop, the DOGE Army remains optimistic.

And so, this week has been boiling hot for Twitter and its new boss Elon ‘The Dogefather’ Musk. The world’s richest man got into an altercation with Apple and its CEO Tim Cook, and also got an invitation to check out Ukraine for himself from President Volodymyr Zelensky after Musk’s awkward suggestions regarding the ongoing Russian invasion.

FAFO Situation For Kanye West

“FAFO” is the trending abbreviation on Twitter this Friday afternoon, as Ye’s official Twitter account was suspended less than a month after its reinstatement. The hip-hop artist, previously known as Kanye West, took the opportunity to rant about his unsuccessful business endeavors with Jewish people. The multi-platinum rapper was warned to stop, but evidently refused.

The warning was followed by Ye posting a super-odd and wildly offensive image of a swastika merged with the Star of David. The musician also expressed his fondness for reviled dictator Adolf Hitler. Further on, Ye shared an image of Twitter CEO Elon Musk getting hosed, stating that it should be remembered as his last tweet. Shortly after, Twitter banned Kanye West, citing incitement to violence.

Popular crypto influencer David Gokhshtein stepped in to offer his take on Ye vs. Musk, stating that the popular artist has gone too far this time.

“Just because Pete Davidson tapped Kim and a few “Jewish” individuals played you on your record deals doesn’t mean an entire community is to blame. F**k your music” - furiously declared Mr. Gokhshtein.

On the Flipside

  • Hate speech and violence encouragement on Twitter dropped to yearly lows, according to Elon Musk.
  • About a month ago, Mr. Musk sent a warm welcome message to Ye, saying “Welcome back, friend.”

Why You Should Care

Twitter usage is at an all-time high, which directly correlates with the increased social mentions of DOGE.

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.