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 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.

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.

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.

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

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

1 hour ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

4 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

6 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

7 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

10 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

13 hours ago

This website uses cookies.