Dogecoin Founder Expects a Frenzy When Price Hits $1.69
In a recent social media post, Billy Markus, one of the creators of the popular meme-based cryptocurrency Dogecoin, discussed the potential for Dogecoin to reach new all-time highs.
However, Markus also highlighted the inherent volatility of cryptocurrencies, acknowledging a subsequent sharp price decline. This perspective reflects Markus’s previous comments on the unpredictable nature of the crypto market, often conveyed in a humorous and ironic manner.
i dreamt that dogecoin went to $1.69 each and everyone was freaking out and i was like oh man maybe i can put a down payment on a house, and then it instantly crashed to $0.40 and i was like ah dang
then i woke up and it was at $0.169 and i had to go to work
— Shibetoshi Nakamoto (@BillyM2k) March 13, 2024
Markus humorously recounted a dream in which Dogecoin surged to $1.69, causing excitement among investors, only to abruptly plummet to $0.40. Despite this, he reaffirmed his optimism about Dogecoin, likening it to other cryptocurrencies and defending it against criticism.
Markus has been vocal about crypto investment and trading, expressing skepticism about the predictability of price movements and cautioning against excessive speculation, particularly in newer forms such as ERC-20 tokens and NFTs. He disclosed holding a minimal amount of Bitcoin.
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Responding to queries about Dogecoin’s comparison to other cryptocurrencies, Markus dismissed comparisons to BEL, asserting Dogecoin’s longevity and widespread adoption.
On Wednesday, Dogecoin saw a significant increase in value followed by a slight decrease the next day, illustrating the ongoing fluctuations in its price. As of the time of writing, Dogecoin is trading at $0.1796.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
