Dogecoin Pushed After Musk Unblocks Twitter Fan Accounts

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Dogecoin, which has been having a stellar time ever since Tesla CEO Elon Musk took over Twitter end of October, remains well above 10 cents. It came after news was shared that several Dogecoin fans with large followings would be unblocked on Twitter.

Memes and positivity

Billy Markus, the Dogecoin founder who seems to have a direct line to Elon Musk, tweeted out that:

A whole bunch of accounts of people who, as far as i know, generally don’t do anything but tweet memes and positivity are being suspended. Pretty weird man.

a whole bunch of accounts of people who, as far as i know, generally don’t do anything but tweet memes and positivity are being suspended.

pretty weird man. https://t.co/rN32BTDsoO

— Shibetoshi Nakamoto (@BillyM2k) December 5, 2022

Musk replied he would look into it, after which Dogecoin started rallying again.

He then followed up with:

Team was a bit too intense with spam/bot suspensions. Moving to chill mode.

Most of the accounts in question were dogecoin fan accounts of people with major followings, which should once again give positive momentum to the most famous memecoin.

Elon Musk just Spotted Wearing a #Dogecoin T-Shirt 🚀❤️😊 pic.twitter.com/MOpphdPdw2

— Matt Wallace (@MattWallace888) December 3, 2022

Musk is part of the Dogecoin Foundation’s five-member advisory team alongside Markus and Ehtereum founder Vitalik Buterin. Over the weekend, Musk was spotted wearing a black Dogecoin t-shirt, displaying the mascot of doge, a Shiba Inu wearing a cowboy hat and sunglasses.

Doge’s recent rise started when legendary chartist Peter Brandt remarked on 30 October already that he could spot an ‘upside violation’ of the coin’s bear market, which began at the May 2021 high.

This is called a bear channel, the upside violation of which has ended the bear market that began at the May 2021 high $DOGE pic.twitter.com/pZT5yxMje6

— Peter Brandt (@PeterLBrandt) October 30, 2022

Happy trading.

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