How Musk’s Proposal for Zuckerberg Impacted Dogecoin’s Price

Elon Musk is ready to pull out the measuring stick as Threads near 100 million registered users.

Shiba Inu smiling at the front, whist Mark Zuckenberg and Elon Musk are ready to fight in the background.
Created by Gabor Kovacs from DailyCoin
  • Elon Musk’s proposition left Twitter users open-mouthed.
  • Meta’s freshly launched Threads platform hits 100M users.
  • Dogecoin drops below the critical support level early Monday.

The spicy rivalry between two of the biggest tech moguls just approached the next level. Since Threads, a new social platform by Meta, launched in the United States, Elon Musk’s captious remarks towards Mark Zuckerberg have intensified. On Sunday, Elon called Zuck d “cuck” after one screenshot accused Mr. Zuckerberg of protecting brand speech instead of free speech.

Elon Musk to Whip Out the Ruler?

Musk, the extravagant multi-billionaire who also happens to be the owner of Twitter, took it to another level. The Dogefather challenged Mark Zuckerberg to a “literal dick measuring contest,” followed by the eggplant emoji.

Soon after, the public audience on Twitter tried to prevent Elon from bringing out the ruler, as one user remarked, “I thought it was a reply from your parody account.”

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In response, Elon Musk’s official parody account tweeted, “At this point, I can’t keep track of which account I’m tweeting from,” to which the real Elon Musk’s account with 147.5 million followers replied, “same.” Naturally, the Twitter community reacted with a flurry of memes, most of them including the eggplant emoji, while others suggested including Bill Gates and George Soros in the competition.

Dogecoin’s Hiccups Amid Zuck’s Response

While the new Twitter competitor Threads is reaching new heights, another fair measure in this fight is Dogecoin’s price movement during the clash of the tech titans. The famed canine coin dropped below the crucial $0.065 support line in the early hours of Monday, right after Elon Musk’s venturesome proposition.

At press time, the 9th ranked original memecoin trades at $0.064716, according to CoinGecko. The daily charts suggest that DOGE suddenly plunged to a 24-hour low of $0.064106 at 3:21 AM. Dogecoin has been trading in phased consolidation for the past week, losing under 5% of its market value.

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Meanwhile, Mark ‘Zuck’ Zuckerberg’s playful response to being labeled “a cuck” made The Dogefather laugh once again. Referencing a sexual fetish where one partner enjoys observing the other partake in sexual intercourse, Zuck responded with a rhetorical question on his platform, Threads.

On The Flipside

  • Many Twitter members tend to believe that Elon Musk’s parody account is actually managed by Musk himself.

Why This Matters

The behavior of top tech moguls often impacts the prices of cryptocurrencies.

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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 Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.