Dogecoin: The Creator Gets Back to Crypto After about a Decade
Billy Marcus the creator of Dogecoin has been on the sidelines for almost a decade before he discovered that he was re-entering back to crypto.
While addressing his massive Twitter followers of 425,900 he said that he bought the meme-based cryptocurrency Dogecoin(DOGE) via an investing platform RobinHood.
While he further added.
I bought Dogecoin an hour ago after an eight-year vow not to buy crypto. Since then I have checked the price seven times so far. It was 10% and now it has risen to 3%. Feels healthy anyway. ”
The co-founder of DOGE also said he is not looking to sell his new crypto holdings anytime in the near future, indicating long-duration holdings.
To this, he added “In my opinion, if you believe anything, let it run. HODL. ”
Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network.
One important difference: bitcoin is the original blockchain proof-of-concept. Bitcoin is ground-breaking. Bitcoin is (some belief) world-changing tech with the potential to transform how money works in the 21st century.
Dogecoin is a digital coin with a picture of a dog on it.
“It is a puzzle to me why Dogecoin is so highly valued,” says Adrian Lee, a senior finance lecturer at the University of Technology in Sydney.
Marcus argues that how ridiculously Shiba Inu-inspired crypto-asset DOGE was created in 2013, and soon after that DOGE surpassed its initial goal of gaining popularity among retailers.
“I really do not like to call other projects a scam. I’m scared when people consider it a scam. Dogecoin is constantly called (and still is called) a scam. And everything is a joke until it’s valuable.”
Starting now even the Dallas Mavericks team began accepting DOGE payments for freight and game tickets. Growing Crypto Exchange Coinbase listed DOGE as the sixth largest crypto asset among the cryptocurrencies’ growing demand.
From DOGE’s short-term perspective, senior trader Peter Brant sees a downfall pattern on its tether (USDT) base pair.