- Dogecoin creator Billy Markus rejects the idea of working in Twitter HQ.
- Dogecoinโs steady price movement trapped DOGE in an ascending triangle.
- Elon Musk shares a tweet with BONK mascot scaring away competing AIs.
The programmer-turned-comedian Dogecoin creator Billy Markus a.k.a. Shibetoshi Nakamoto clarified on Twitter the recent rumors surrounding his possible collaboration with Elon Musk on building Twitter 2.0. Despite being friendly on Crypto Twitter (Markus recently stated that โElon is coolโ) the original DOGE father is not particularly interested in joining Twitterโs new staff.
How a Joke Turned into a TOP 10 Cryptocurrency
While Dogecoin (DOGE) was created back in December 2013, the Sarcastic Dog Wearing Glasses and fellow software developer Jack Palmer meant the meme-based cryptocurrency as a joke, but DOGE only went mainstream after SpaceX & Tesla CEO Elon โChief Twitโ Musk started showing support.
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However, things suddenly changed in 2021, when Elon Musk took interest in the canine coin and even said in an interview that โfate loves ironyโ and that a joke currency can become the worldโs leading financial asset. Indeed, Shibetoshi is referring to Dogecoin. Elon Muskโs claims catapulted the Japanese guard dog-themed memecurrency to its all-time high at $0.73 on May 8th, 2021.
According to Billy Markus, Dogecoin was worth just $300 million before Elon โThe Dogefatherโ Musk stepped in to lead the DOGE Army on Twitter. Shibetoshi estimates that DOGEโs market cap went from $300 million to $90 billion in less than half a year, nominating The Chief Twit as โthe top celebrity to represent your brandโ.
DOGE on All Fours as the Bears Return
Despite being unable to hold the next resistance level at $0.10, DOGE price movement has shown stability over the past month with strong support above $0.08, a fundamental price range that has been maintained since January 14th, 2023. The price consolidation around the zone is due to a strong ascending triangle formed around the aforementioned support level.
At press time, the #9 ranked canine crypto is changing hands at $0.080707, according to CoinGecko. Despite the bearish sentiment this month, Dogecoin reached a few important milestones, including topping the leading crypto exchangeโs stablecoin Binance USD (BUSD).
Moreover, today DOGE flipped the thriving Polygon (MATIC) blockchain. Ultimately, Dogecoin has been trapped in an ascending triangle for the past two months. However, the formed triangle is likely to break out soon, but in an unknown direction.
On the Flipside:
- Twitter 2.0 is speculated to be closely linked to Dogecoin (DOGE), but recent developments show that other cryptocurrencies and digital payment methods could be used for the upcoming Twitter Wallet.
- In Elon Muskโs recent message, the dog mascot behind DOGE, SHIB and other popular memecoins was deemed the new Twitter CEO. However, the picture in the message had the words โFLOKIโ written on it.
Why You Should Care:
Dogecoin is the leading memecurrency. Memecoins often spark altcoin rallies and bring a significant amount of retail investors.
Check out the top trending stories in memecoins:
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