Dogecoin

Anarchy

Elon Musk

<p class="is-style-lead">Two of tech’s most prominent leaders, Elon Musk and Mark Zuckerberg, recently set social media ablaze, agreeing to a comedic “cage fight” challenge.&nbsp;</p> 
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   <p lang="en" dir="ltr">Elon Musk recently tweeted that he would be “up for a cage fight” with Mark Zuckerberg. Zuckerberg fired back by posting a screenshot of Musk’s tweet overlaid with the caption: “Send Me Location.” <a href="https://t.co/lBe4V1BvIw" target="_blank">https://t.co/lBe4V1BvIw</a></p>— CNN (@CNN) <a href="https://twitter.com/CNN/status/1671833555960311808?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 22, 2023</a>
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<p>A tweet exchange that seemed straight out of a high-profile TV drama had followers debating, memeing, and mock advertising their imagined bout.&nbsp;</p> 
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   <p lang="en" dir="ltr">choose your fighter <a href="https://t.co/9cATjb43rh" target="_blank">pic.twitter.com/9cATjb43rh</a></p>— ST (∞,∞) 🏴‍☠️ (@seyitaylor) <a href="https://twitter.com/seyitaylor/status/1671700032494379009?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 22, 2023</a>
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<p>However, the effect this spectacle had on <a href="https://crypto.news/price/dogecoin/">DOGE</a>, which surged 3.5%, displayed the unpredictable, fascinating, and intertwined nature of crypto with the personal shenanigans of tech leaders.</p> 
<h2 class="wp-block-heading" id="strong-doge-reacts-to-the-showdown-strong"><strong>DOGE reacts to the showdown</strong></h2> 
<p>DOGE, a pet project of Musk, couldn’t resist getting in on the action. Within hours of Musk’s fight announcement, DOGE’s price experienced an uptick.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/elon-musks-key-litigator-withdraws-amid-dogecoin-lawsuit-saga/"> Elon Musk’s key litigator withdraws amid Dogecoin lawsuit saga </a> </p> 
<p>Trading at $0.0662 as of June 22, the satirical currency gained nearly 3.5% in value in the previous 24-hours.</p> 
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 <img decoding="async" src="https://lh6.googleusercontent.com/IU8KC-CbLnZgOA1v3b9-HKSnQBo3vvuXlPIzoKBEd4I5b2j-MuFICYGDvc_ZwPGAEFGuKxMPEG918CIUmB_MeCHyuVvIw9pQIsEO5FtqiYDS66FgbIQ8p_D0pPfajFwKpjzqcjZF3CQdb6c75gncw1o" alt="DOGE price impacted by Musk-Zuckerberg cage fight challenge - 1">
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  DOGE 24-hour price chart | Source: <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>
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<p>This was a perfect demonstration of the deep-seated influence that influential figures can wield over the crypto market, regardless of whether it involves a serious business move or a laugh-out-loud personal dare.</p> 
<h2 class="wp-block-heading" id="strong-tech-rivalry-at-play-strong"><strong>Tech rivalry at play</strong></h2> 
<p>Beyond the humorous façade, the Musk-Zuckerberg face-off echoes a larger rivalry in the tech space. Meta recently revealed plans for a text-based social network potentially rivaling <a href="https://crypto.news/twitter-suspends-ai-bot-as-elon-musk-dubs-it-crypto-scam/">Twitter</a>.&nbsp;</p> 
<p>This development could reshape the battle lines in the social media realm, providing a fresh stage for tech leaders to engage, entertain and shock their audience, while indirectly influencing the cryptocurrency market.</p> 
<p> Read more: <a href="https://crypto.news/why-we-should-treat-anarchy-ana-and-other-meme-coins-carefully/"> Why we should treat Anarchy ($ana) and other meme coins carefully </a> </p>

DOGE price impacted by Musk-Zuckerberg cage fight challenge

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