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DOGE Creator Opines on Why Crypto Is Falling Right Now

Tue, 09/12/2023 - 13:16
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Yuri Molchan
Cofounder of Dogecoin has shared his take on current crypto market decline with community
DOGE Creator Opines on Why Crypto Is Falling Right Now
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Billy Markus and Jackson Palmer together founded the original meme cryptocurrency Dogecoin back in 2013, making a joke of Bitcoin using the BTC code. Now, Palmer is criticizing DOGE lover Elon Musk in a rare interview.

On the contrary, Markus, who is an "online friend" of Musk, is active on X app (formerly known as Twitter). He does not support all of Musk's ideas, but he also loves, as he calls it "s-posting, commenting on various issues in the crypto sphere and beyond it.

This time he shared his take on why the crypto market and many digital currencies in it are going down, swimming in a sea of red.

In a recent X post, Markus opined on why "crypto is falling." When talking about crypto investing and crypto price fluctuations in earlier posts, he always explained this by totally random factors.

This time as well, the cofounder of Dogecoin crypto stated "as if there's any kind of rationality in trading hash strings for thousands of dollars in the first place."

As for his preferences in crypto, Markus recently named Bitcoin and Ethereum ("DOGE is just Bitcoin in a dog suit," he said). However, he dislikes everything else, in particular, ERC-20 tokens made on the Ethereum chain.

Among the things he hates in the crypto space is the collapsed FTX exchange and its imprisoned founder, former crypto billionaire Sam Bankman-Fried (SBF).

DOGE Creator Unveils 'New Thing' About Sam Bankman-Fried

In a tweet published over the weekend, Markus called SBF "the most famous vegan," referring to the recent turn of events in which SBF was refused a vegan diet in prison, nor was he provided with Adderall – the medicine he needs to manage his his ADHD (attention deficit hyperactivity disorder).

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at