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DOGE Flirts with $0.15, Dogecoin Creator Says He’s Ready for Trend Reversal

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Sat, 02/05/2022 - 09:46
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Yuri Molchan
Dogecoin founder comments on DOGE struggling to surpass the $0.15 level after the coin’s recent rise
 DOGE Flirts with $0.15, Dogecoin Creator Says He’s Ready for Trend Reversal
Cover image via stock.adobe.com

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IT engineer Billy Markus, who cofounded the original meme cryptocurrency Dogecoin in 2013, has taken to Twitter to comment on the recent price rise of DOGE (+ 6.30 percent over the past 24 hours, according to CoinMarketCap).

At the time of writing, the leading canine crypto is changing hands at $0.1493 with just a small step up separating it from reclaiming the $0.15 level. Earlier today, the coin managed to take $0.15 but then went below it again as can be seen on the screenshot.

DOGE015
Image via CoinmarketCap

Markus also tweeted that he is ready for Dogecoin to make a trend reversal and begin rising again.

On May 21 last year, Dogecoin soared to an all-time high of $0.7376 but did not stay their long and failed to advance any higher.

The DOGE cofounder also commented on that, saying that the flirt with $0.73 was pretty short-lived.

Since reaching the ATH, Dogecoin has been in a bearish trend, recovering to certain smaller highs but then going under them again. One of these most recent highs was reached on 20 October, when DOGE hit $0.3. Since then it has been unable to even come close enough to test this level.

DOGEATH_00987ui
Image via CoinmarketCap

Related
Dogecoin Creator Sends His Personal DOGE NFT Collection to Sell on OpenSea

At the end of 2021, the meme coin achieved a milestone that Bitcoin has failed to hold – Tesla started accepting it for some of its merchandize. In early 2021, the e-car making giant also began to accept Bitcoin for automobiles but then quickly reversed for environmental issues associated with Proof-of-Work mining algorithm.

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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 yuri.molchan@u.today.