Dogecoin’s co-founder Billy Markus spoke about what might have triggered the recent DOGE rally.
Billy Markus created the meme-coin DOGE as a Bitcoin parody in 2013. Last month, Dogecoin changed hands from as low as $ 0.0026 and is now one of the top four digital assets. DOGE was trading at 0.60 at the time of writing.
Tesla CEO Elon Musk promised that DOGE was first called “the currency of the people”, then he would send “real DOGE to the real moon” through SpaceX. Due to these tweets of Musk, DOGE has seen huge price increases this year. Now the community will be released this weekend and will be presented by Elon Musk. She is eagerly awaiting the Saturday Night Live (SNL) episode. There is a great belief that Musk will mention DOGE at SNL.
According to a CNBC reporter Kate Rooney, the newest DOGE investors specifically see Musk’s tweets as the main price booster of meme-coin.
Rally Commentary from DOGE Co-Founder
Billy Markus, who created Dogecoin with Jackson Palmer and launched it in 2013, took to Twitter to share his opinion on the latest Dogecoin rally. Markus believes that simple movements drive DOGE. The price in the market changes direction according to the decisions people make for their own reasons:
“Why is DOGE falling? Same reason as the rise of DOGE. Buying and selling. So much. The cryptocurrency space is managed with emotion and sensitivity. People buy and sell for their own reasons and these decisions change the price. This is a roller coaster. It always has been. “
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