The social network Twitter has been on fire since a rather daring proposal made by Musk to Zuckerberg. The Twitter boss has been determined to throw stings at his rival since Threads launched. Elon Musk’s comments, however, impacted the course of his favorite memecoin. Dogecoin (DOGE) showed a gradual drop at the start of the day.
A growing rivalry since the launch of Threads
Mark Zuckerberg’s Meta has just launched the Threads platform. Intended to compete with Twitter, it has already reached 100 million users. The rivalry between the two characters can only intensify. Indeed, Elon Musk didn’t mince words when he called Zuckerberg ” cuckold in a tweet. With a screenshot, he accused Zuckerberg of protecting trademark speech instead of free speech.
He even went so far as to challenge Facebook’s boss in a ” highly inappropriate personal competition followed by the eggplant emoji. His words left netizens speechless. The Twitter community reacted with an avalanche of memes. Some users have suggested including Bill Gates and George Soros in the competition. Mark Zuckerberg responded to Elon Musk’s remark on his Threads platform. During this time, the price of DOGE has undergone a gradual decline.
The gradual fall in the price of Dogecoin
As Threads reaches new heights, the evolution of the Twitter boss’ favorite memecoin is quite another. Indeed, Dogecoin (DOGE) fell below the crucial $0.065 support level in the early hours of Monday. This happened right after Elon Musk’s bold proposal.
At the time of writing, DOGE is trading at $0.064716. The daily chart shows Dogecoin falling to a 24-hour low. It stabilized at $0.064106 at 3:21 a.m. The DOGE has been trading in a gradual consolidation for the past week. It has lost less than 5% of its value as the crypto market may experience a correction phase after an explosive rise.
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