Elon Musk Vs Mark Zuckerberg in Cage Fight, Will Dogecoin Price Soar?
Elon Musk is again in the headlines with a caged fight challenging Mark Zuckerberg.
In a twisted turn of events, social media is full of hype about the Elon Musk Vs Mark Zuckerberg fight. Yes, it's going to happen as both the Tech mammoth challenged each other for a caged fight.
When allegations circulated earlier this month that the Facebook CEO, a Jiu-Jitsu fan, was looking for a challenger, Space X and Tesla founder Elon Musk responded by tweeting that he was "up for a cage match."
Also as the fight night approaches, the crypto market is all set with Musk's greater recognition as Dogefather.
Elon Musk Vs Mark Zuckerberg Fight Can Lead to Crypto Market Fluctuations
Elon Musk recently tweeted about Mark Zuckerberg, stating, "Up for a cage fight?" Mark Zuckerberg responded by sharing a screenshot of Musk's tweet with the comment, "send me loaction."
According to Verge, Zuckerberg's Instagram post is no joke, putting a lot of pressure on Musk to reply. Following this wild bout of tweeting and tagging, Meta spokesperson Iska Saric informed the media outlet, "The story speaks for itself."
Later, Mr Tweet responded with a two-word comment, "Vegas Octagon," revealing the location of the bizarre battle.
"Send me location," Zuckerberg, the founder and CEO of Facebook and Instagram parent firm Meta, replied Wednesday in an Instagram story that featured a screenshot of Musk challenging him.
Source: Instagram
As per the industry experts, this fight may result in a heavy fluctuation in the crypto market as Musk is infamous for Dogecoin manipulation even with the slightest signal. Elon Musk has triggered Dogecoin's price many times. Though, the news isn't making that much hype in the crypto industry right now as the market is already up 4%.
As the word of the hour "Elon Musk vs Mark Zuckerberg" is getting scattered around the microblogging site, Dogecoin is Up 1.3% already.
Dogecoin Price Analysis
Dogecoin (DOGE) is currently trading at $0.066159 with a 24-hour trading volume of $499,971,508.27. This is a 1.26% increase in the previous 24 hours and an 8.34% increase in the last 7 days. Dogecoin has a market valuation of $9,252,384,425 with a circulation supply of 140 billion DOGE.
On the daily chart, Dogecoin is making a channel-down pattern which could be seen breaching by the current price action. The Elon Musk vs Mark Zuckerberg Fight created a positive market sentiment around Dogecoin which is fueling the price.
On the other hand, the RSI is at a break-even point which is also called a transition phase. The RSI is looking positive and could reach to 60 mark if bullish pressure thrust the price more.
Conclusion
In conclusion, the Dogecoin market is positive due to the surge in social sentiment as Elon Musk vs Mark Zuckerberg fight news wraps the market. The key technical indicators are pointing towards a Buy market.
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