CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Dogecoin Founder Wants DOGE to Surpass IBM
Table of Contents
Market Musing-g

Dogecoin Founder Wants DOGE to Surpass IBM

U_Today
By U_Today
Created 4 months ago, last updated 4 months ago
3 mins read
Dogecoin Founder Wants DOGE to Surpass IBM
Cover image via U.Today
Billy Markus, who created the original meme-themed cryptocurrency Dogecoin in collaboration with Jackson Palmer, has issued an ironic post about DOGE, voicing how high he would like the coin’s price to go.

Markus, known on social media as Shibetoshi Nakamoto, also commented on Dogecoin’s recent price movements.

Shibetoshi wants DOGE to exceed IBM in market cap size

Shibetoshi Nakamoto, known for his typical sarcastic and jesting manner of tweeting, published a post on the X platform, saying that he wants Dogecoin to reach a market capitalization of $210.27 billion and even surpass it.

This way, Dogecoin would become bigger than IBM in terms of valuation. This would be good, Markus continues, since it would be worth more than any place he has ever worked at. This “would be funny,” he concluded with dark irony. Markus has frequently stated in his tweets that he prefers to stay away from any active participation in the cryptocurrency space and just remain an observer.

He does not plan to create either any new cryptocurrency or a meme crypto, he said many times. Therefore, Dogecoin remains his only brainchild operating in the crypto space these days and it is on the top-10 list, largely thanks to Elon Musk’s support and the current growing trend for memes on the internet.

However, an X user asked Markus if that big a market capitalization level would be sustainable at the current inflation rate. To keep that level up, the user said that it would take “around $7b in new doge created a year.”

Shibetoshi Nakamoto responded with a GIF, saying “Who knows?!”

Dogecoin strives to break above $0.43

On Friday, the iconic meme cryptocurrency staged growth of 8.78%, going up from $0.4006 to $0.447. That move was followed by a decline of 4.26% and then again DOGE attempted to test the $0.4350 price level.

The Dogecoin co-founder issued tweets to comment on those price movements, saying: “dogecoin doing more dogecoin things.” As of this writing, DOGE is trading at $0.4380.

Read original article on U.Today
0 likes
|

Other articles published on Nov 30, 2024

Market Musing-g

Sheikh Musk (SHEMUSK) Will Explode Over 16,000% Before Exchange Listings, While Shiba Inu and Dog...

Sheikh Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE)...
By Crypto Intelligence
4 months ago
2 mins read
Market Musing-g

NFT Wash Trading and Scams: How to Protect Yourself in the Digital Art World

The rise of NFTs has opened exciting opportunities for artists and collectors; at the same time, it has attracted fraud. NFT scams, including wash trading and other manipulative practices, threaten...
By ItsBitcoinWorld
4 months ago
9 mins read
Market Musing-g

Hackers Have Stolen $1.49B YTD, DeFi Suffers 200 Attacks But CeFi Isn’t Safe Either

Cybercriminals target CeFi by posing as recruiters or planting fake employees to exploit infrastructure vulnerabilities and steal funds.
By CryptoPotato_News
4 months ago
2 mins read
Market Musing-g

Qubetics Breaks Records: Over $3.5M Raised and $TICS at $0.025—The Best Crypto to Invest in Now a...

Three standout cryptocurrencies are capturing attention in a world racing toward decentralised innovation. They promise to change not just how we transact but also how we think about financial empo...
By CaptainAltcoin
4 months ago
6 mins read
Announcements

Top Meme Coins for Big Returns: BTFD, SNEK, and WIF Rise

Discover the top meme coins to buy now: BTFD Coin, Snek, and Dogwifhat (WIF), with huge return potential and exciting presale opportunities.
By The Crypto Times
4 months ago
5 mins read
DeFi

Nerve Network Obtains $SCR Liquidity Insertion to Expand NerverSwap Pools

With the $SCR liquidity grant from the Scroll Foundation, Nerve Network moves forward in its venture toward increasing DeFi capabilities.
By BlockchainReporter
4 months ago
2 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!