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

It’s been a hot week on Twitter, but Dogecoin can’t keep away from the crypto winter.

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 coinโ€™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 wasnโ€™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 โ€˜The Dogefatherโ€™ Musk. The worldโ€™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 Muskโ€™s awkward suggestions regarding the ongoing Russian invasion.

FAFO Situation For Kanye West

โ€œFAFOโ€ is the trending abbreviation on Twitter this Friday afternoon, as Yeโ€™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.

โ€œJust because Pete Davidson tapped Kim and a few โ€œJewishโ€ individuals played you on your record deals doesnโ€™t mean an entire community is to blame. F**k your musicโ€ - 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 Klimaลกevskis is a DailyCoin Journalist, covering memecoins & latest developments. Tadas has moderate holdings in SHIB, HBAR, LTC, MATIC and a selection of low-cap meme currencies.

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