Markets
DOGE Creator Stuns Community With State of Crypto Market Summary
Yuri Molchan
Dogecoin co-founder breaks silence on current state of cryptocurrency market
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One of the two creators of Dogecoin, known on social media as Shibetoshi Nakamoto and in real life as Billy Markus, offered the global cryptocurrency community his commentary on what is currently happening in the cryptocurrency market.
He summed up the current state of the cryptocurrency market in one short sentence.
Billy Markus shares his views on the state of the crypto market
Over the past week, the world’s largest cryptocurrency, Bitcoin, the locomotive of the entire crypto market, showed a high level of volatility and lost almost 6.5% in total, plunging compared to the $70,000 price point.
The $65,100 area served as support for Bitcoin throughout this time, as BTC reached this level three times and then rebounded. Over the past 24 hours, Bitcoin lost almost 3% and fell to $65,090, but then quickly rebounded to $65,770 to face further decline.
Altcoins have followed the ups and downs of Bitcoin all this time, bleeding the market to death.
Billy Markus commented on all these volatility moves saying, “Wow, crypto market, you guys suck. »
His supporters immediately posted several responses to this market-critical statement, with some agreeing with the DOGE co-founder and others pointing out that the market regularly goes through periods of high volatility and there is nothing that can be done about it.
Markus calls crypto market a “degenerate casino”
Last week, the co-creator of DOGE also published a criticism aimed at the cryptocurrency market. Markus then revealed that he is frequently asked which coin he thinks will increase or decrease in value next.
He admitted that these questions continue to seem funny to him, because he believes that no one can predict “this degenerate casino”, as he called the market.
However, regardless of the general state of the market, Billy Markus made a curious statement about the X platform yesterday, surprising many crypto users. In a “Bitcoin or Dogecoin” debate, he chose BTCtweeting: “I’d rather have 1 bitcoin than 1 dogecoin tbh. »
Earlier this year, the creator of DOGE revealed the size of his Bitcoin holdings, 0.006 BTC, which is currently worth $391.07. If BTC hits $100,000 at some point, Markus said he would celebrate by dining at the Olive Garden restaurant.
About the Author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects. He has written for several crypto media outlets. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.