đ„đ„đ„ #Dogecoin Founderâs New $DOGE , $BTC , $ETH Tweet Stirs #CryptoCommunity
Billy Markus, the creator of Dogecoin, took to social media platform X (formerly Twitter) to offer his perspective on the recent downturn in both crypto and stock markets.
Sharing a screenshot of his investment portfolio, Markus, known as "Shibetoshi Nakamoto" on X, commented on the market turmoil, sparking a flurry of responses from his followers.
In the screenshot, Markus's assets, including S&P 500, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), are seen experiencing significant declines. Bitcoin, for instance, dropped by 5.88%, while Ethereum fell by $135, and Dogecoin dipped to $0.190. This decline mirrors the broader trend seen in the S&P 500 index, indicating a renewed correlation between #cryptocurrency assets and traditional markets.
Markus's tweet accompanying the screenshot reflects a mix of surprise, frustration, and a hint of anger at the prevailing market conditions.
In response to the market downturn, many of Markus's followers attributed the decline to ongoing inflationary pressures. Some expressed skepticism about major cryptocurrencies and advocated for lesser-known coins with lower market capitalization.
Earlier, Markus made headlines by suggesting that Bitcoin should be transformed into a #stablecoin pegged at $69,420, citing its meme value as the primary reason for choosing that particular number.
As the crypto community eagerly awaits the next halving event, which is just nine days away, Bitcoin continues to experience fluctuations in its price.
Source - u.today