Digital currency
The creator of Dogecoin bought Dogecoin again after 8 years
Billy Markus, the co-founder of the Dogecoin digital currency, announced in a tweet that after 8 years of vowing not to buy any more digital currency, he has decided to invest in Dogecoin, the currency he helped create. to invest.
According to CryptoGlobe, Marcus’s tweet was published after a massive fall in the digital currency market. In this case, the fall of Dogecoin, which reached an unprecedented growth of $0.70 last month, was much more intense. Dogecoin is now trading at $0.21.
Interest in Dogecoin increased after Elon Musk’s appearance on Saturday Night Live. During this program, he said that Dogecoin is a “fraud”. Musk has often tweeted about Dogecoin, helping to increase user interest in the digital currency.
Tesla’s CEO recently responded to a Twitter user who said he was actively marketing Dogecoin and treating it like one of his companies:
Dogecoin has no official organization and no one reports to me; So my ability to act is limited.
The famous entrepreneur has been actively promoting Dogecoin for the past few months, to the point where he has been named CEO of Dogecoin and “Dogefather”. Musk, along with Dogecoin developers, is trying to help the development and development of this digital currency. He even once asked his followers in a Twitter poll whether Tesla should accept Dogecoin as a payment method.
Elon Musk recently responded to a tweet by Ross Nicoll, one of the main developers of Dogecoin, saying that the reduction of Dogecoin network fees is a great development.
The drop in the price of Dogecoin from $0.70 to $0.21 was also due to the widespread fall of the digital currency market. This digital currency, which was created based on a meme (internet humor), has grown by 5,000% since the beginning of this year. This significant increase in the price of Dogecoin is thanks to the support of famous personalities such as Elon Musk, Gene Simmons (Kiss) singer, Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, Snoop Dogg and other people who spread jokes about Dogecoin. and cause it to grow more.
An analyst of the digital currency market who is a believer in the upward trend of Bitcoin, has said that the price of this digital currency is scheduled to fall to $0.05 and even Elon Musk cannot save it after looking at the chart of Dogecoin. This analyst’s prediction is based on the head and shoulder pattern seen in the 1-day view of the DogeCoin market.
Dogecoin was created in 2013 as a joke. The community of this digital currency is known for its charitable activities, which include helping charities. These efforts made headlines in 2014 after raising more than $25,000 in Dogecoin for the Jamaican luge team to compete in the Sochi Winter Olympics.
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