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DOGE creator amazes community with summary of the state of the cryptocurrency market
Yuri Molchan
Dogecoin Co-Founder Breaks Silence on the Current State of the 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, he has offered the global cryptocurrency community his commentary on what is happening in the cryptocurrency market right now.
He summed up the current state of the cryptocurrency market in just one small sentence.
Billy Markus shares his opinion on the state of the cryptocurrency market
Over the past week, the world’s largest cryptocurrency, Bitcoin, the locomotive of the entire cryptocurrency market, has shown a high level of volatility and has overall lost almost 6.5%, plummeting from the $70,000 price level.
The $65,100 zone has been acting as support for Bitcoin all this time as BTC has reached this level three times and then bounced from it. Over the past 24 hours, Bitcoin lost nearly 3% and fell to $65,090, before quickly rebounding to $65,770 to face a decline again.
Altcoins have been following the ups and downs of Bitcoin all this time, causing the market to bleed.
Billy Markus commented on all these volatility moves, saying, “Wow, cryptocurrency market, you suck.”
His followers immediately posted multiple responses to this market-critical statement, some agreeing with the DOGE co-founder and others pointing out that the market regularly goes through periods of high volatility, and nothing can be done about it.
Markus Calls Crypto Market “Degenerate Casino”
Last week, the DOGE co-creator also published a critique aimed at the cryptocurrency market. Markus then revealed that he is often asked which coin he thinks will increase or decrease in value next.
He confessed 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.
Regardless of the overall state of the market, Billy Markus made a curious statement about Platform X yesterday, surprising many cryptocurrency users. In a “Bitcoin or Dogecoin” debate, chose BTCtweeting: “I’d rather have 1 bitcoin than 1 dogecoin, to be honest.”
Earlier this year, the creator of DOGE revealed the dimensions of its holdings in Bitcoin, 0.006 BTC, which is currently worth $391.07. If BTC were to reach $100,000 at some point, Markus said he would celebrate this by having dinner 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 cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.