Billy Markus Current Market Comment

The co-founder of Dogecoin, Billy Markus sent out a satirical tweet regarding the benefit of extended markets, which is essential “nothing.”
Billy Markus Current Market Comment
Billy Markus Current Market Comment 4

Dogecoin’s lengthy bear market began in 2021 when the price of the most popular memecoin on the market hit $0.73 courtesy to Elon Musk’s encouragement and the cryptocurrency industry’s overall bull run.

https://twitter.com/BillyM2k/status/1571000268044795905

Unfortunately, because of a lack of use cases and underlying value, DOGE price swiftly fell following the market’s initial large-scale selling events from institutional investors and whales.

Billy Markus Current Market Comment
DOGE daily chart. Source: CoinCu

Despite Elon Musk’s infrequent tweets and interviews in which he mentions Dogecoin and says he would enable people to pay for Teslas with it, the Dogecoin decline has not halted.

Currently, DOGE is the 2nd largest PoW coin by market capitalization, just behind Bitcoin. The price correlation also doesn’t reflect much as its performance is worse than Shiba Inu (SHIB), its rival.

Billy Markus Current Market Comment
SHIB daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Billy Markus Current Market Comment

The co-founder of Dogecoin, Billy Markus sent out a satirical tweet regarding the benefit of extended markets, which is essential “nothing.”
Billy Markus Current Market Comment
Billy Markus Current Market Comment 8

Dogecoin’s lengthy bear market began in 2021 when the price of the most popular memecoin on the market hit $0.73 courtesy to Elon Musk’s encouragement and the cryptocurrency industry’s overall bull run.

https://twitter.com/BillyM2k/status/1571000268044795905

Unfortunately, because of a lack of use cases and underlying value, DOGE price swiftly fell following the market’s initial large-scale selling events from institutional investors and whales.

Billy Markus Current Market Comment
DOGE daily chart. Source: CoinCu

Despite Elon Musk’s infrequent tweets and interviews in which he mentions Dogecoin and says he would enable people to pay for Teslas with it, the Dogecoin decline has not halted.

Currently, DOGE is the 2nd largest PoW coin by market capitalization, just behind Bitcoin. The price correlation also doesn’t reflect much as its performance is worse than Shiba Inu (SHIB), its rival.

Billy Markus Current Market Comment
SHIB daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News