A DOGE cofounder made a statement about crypto, which sparked the entire cryptocurrency community.
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Billy MarkusThe creator of the meme currency Dogecoin, in conjunction with Jackson Palmer and in 2013 has now taken to social media platform X or Twitter to express his opinion on recent bloodbaths on crypto and stock exchanges.
Markus, also known as Shibetoshi Nakamoto on X, made a comment about what was happening by sharing a screenshot. This triggered a large response from the army of his followers.
Tweet from DOGE’s founder about cryptos and the S&P500
Billy Markus shared an image of a list of assets (the section that shows the biggest ones) in heavy decline. The S&P500 is visible. Bitcoin (BTC),Ethereum (ETH), and Dogecoins (DOGE).
On Monday and Tuesday the primary cryptocurrency in the world will be traded. Bitcoin lost 5.88%Markus’ chart illustrates a similar scenario: crashing down from $72,370 level to $69,390 and losing about $2,500.
On his screenshot, Ethereum shows a $135 decline as it fell to $3,512, and Dogecoin dropped to $0.190. These cryptos all fell along with the S&P 500, indicating that there is a strong correlation between cryptocurrency and S&P.
The screenshot that accompanied his tweet shows emotions such as surprise, irritation, and anger at the picture created by the red markets.
Many of his supporters suggested in the tweet that current inflation is continuing to drive the market down. Many expressed their confusion or doubts regarding major cryptos, endorsing lesser-known coins that have low market capitalization.
Billy Markus suggests Bitcoin’s ideal price
Markus, as reported earlier by U.Today, commented on Bitcoin’s decline and suggested that it should be converted into a stablecoin. Dogecoin’s co-founder Markus also suggested a price for the cryptocurrency. Pinched at a price of -$69,420.
Markus responded to a question asking why he chose this number. He said that it was a meme and that “memes were the most important things in the universe.”
The cryptocurrency community continues to count down the days until the next half-halving. There are now nine days until that crucial event.
Author
Yuri has a passion for technology and innovation. Since 2017, he has written about DLT, crypto and blockchain. He believes that blockchains and cryptography have the potential to change the world. His articles have appeared in multiple crypto-media outlets. Some crypto influencers have cited his articles, including Tyler Winklevoss and John McAfee.
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