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Dogecoin Founder Slams Current Crypto Scene as “Stupider” Than a Decade Ago

Dogecoin Founder Slams Current Crypto Scene as “Stupider” Than a Decade Ago

The creator of Dogecoin, Billy Markus, also known as Shibetoshi Nakamoto on Twitter, has cautioned against trading meme coins and non-fungible tokens (NFTs).

He lableed the current state of the crypto industry even more foolish than it was ten years ago.

Markus affirms that Dogecoin was initially created as a joke to ridicule the crypto scene, which he believes has only worsened.

He states that individuals are now simply gambling against each other, attempting to offload their cryptocurrency.

READ MORE: Chinese Yuan Emerges as Top Choice for Cross-Border Transactions

Markus claims he is tired of being harassed over Dogecoin, an asset he founded over ten years ago but is no longer involved in, and notes that the industry is rife with “lousy, cruel people.”

When asked whether he would prefer to invest in meme coins or NFTs to turn $1,000 into $100,000, Markus replied, “neither.”

Dogecoin is trading for $0.08 at the time of writing, a 2.9% drop during the last 24 hours. Despite this, the cryptocurrency remains popular among investors and has gained significant attention from celebrities and major corporations

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.

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