Two of tech’s most prominent leaders, Elon Musk and Mark Zuckerberg, recently set social media ablaze, agreeing to a comedic “cage fight” challenge.
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.” https://t.co/lBe4V1BvIw
— CNN (@CNN) June 22, 2023
A tweet exchange that seemed straight out of a high-profile TV drama had followers debating, memeing, and mock advertising their imagined bout.
choose your fighter pic.twitter.com/9cATjb43rh
— ST (∞,∞) ????☠️ (@seyitaylor) June 22, 2023
However, the effect this spectacle had on DOGE, which surged 3.5%, displayed the unpredictable, fascinating, and intertwined nature of crypto with the personal shenanigans of tech leaders.
DOGE reacts to the showdown
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.
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Trading at $0.0662 as of June 22, the satirical currency gained nearly 3.5% in value in the previous 24-hours.
DOGE 24-hour price chart | Source: CoinMarketCap
This was a perfect demonstration of the deep-seated influence that influential figures can wield over the crypto market, regardless of whether it involves a serious business move or a laugh-out-loud personal dare.
Tech rivalry at play
Beyond the humorous façade, the Musk-Zuckerberg face-off echoes a larger rivalry in the tech space. Meta recently revealed plans for a text-based social network potentially rivaling Twitter.
This development could reshape the battle lines in the social media realm, providing a fresh stage for tech leaders to engage, entertain and shock their audience, while indirectly influencing the cryptocurrency market.
Read more: Why we should treat Anarchy ($ana) and other meme coins carefully
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