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Dogecoin (DOGE) Rallyes 35% Weekly Amid Musk, Apple Dispute

Crypto revolution

1 Dec, 2022

Dogecoin (DOGE) Rallyes 35% Weekly Amid Musk, Apple Dispute

Dogecoin (DOGE) price performance is highly dependent on Elon Musk and the development of Twitter 2.0. This Wednesday, DOGE hit a two-week high. The eighth-ranked meme coin reclaimed the key resistance level at $0.10 and gained 35% over the past seven days.

What Triggered DOGE ?

While most of the top 100 cryptocurrencies are still rebounding from the drama caused by the sudden fall of FTX, Alameda Research and its founder Sam Bankman-Fried, double-digit weekly gains are becoming a rarity. However, the popularity of DOGE is helping the canine currency overcome hurdles with #Dogecoin and #DogecoinToTheMoon constantly trending on Twitter.

More importantly, work on Twitter's Crypto Wallet has resumed, which has been bullish for DOGE. First, Twitter boss Elon Musk rekindled his love for the coin with "Dogecoin to the moooon!" They chant on the platform. A few days later, YouTuber David Gokhshtein posted a message stating that Musk was collaborating with Ethereum (ETH) founder Vitalik Buterin on Twitter 2.0.

In addition, heated discussions about Elon Musk's Tesla smartphone have taken over Twitter. The idea was announced right after Apple threatened Twitter and its CEO to remove the Twitter app from the App Store. Naturally, this caused a huge backlash on the platform, with cryptocurrency enthusiasts describing Apple's greed and censorship interest.

Open the tweet 👉 https://t.co/LGkPZ4EYcz

Will Dogecoin (DOGE) Hold Key Support Line?

As of press time, Elon Musk's beloved dog coin and DOGE army has changed hands at $0.105428, according to CoinGecko. Besides the impressive weekly growth of 35%, DOGE has gained another 3.2% in the past 24 hours. However, the question remains as to when the popular memecoin might head towards the hack and reach the moon.

Open the tweet 👉 pic.twitter.com/5l6ndtPey9

on the reverse

Vitalik Buterin has not confirmed his role in the development of the Twitter Crypto Wallet.

Elon Musk was hit with a $258 billion class action lawsuit over building the DOGE pyramid.

Why You Should Care

DOGE, the most popular memecurrency, has the potential to spark a bull run for cryptocurrencies. This was often the case in 2021 and 2022, with the two popular canine coins moving up the crypto charts considerably.

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