Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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.
dog coin flirting with its old friend 15
— Shibetoshi Nakamoto (@BillyM2k) February 5, 2022XRP Skyrocketing: Will It Continue or End Here? Shiba Inu (SHIB) is Missing Out Massively, Bitcoin (BTC) Paints Problematic DivergenceXRP Rockets 82% in Week, but Mega Golden Cross Signals Biggest Breakout Is AheadShiba Inu (SHIB) on Verge of 23% Breakout as Golden Cross DevelopsXRP Flips Dogecoin After Epic Rally Past $1
Markus also tweeted that he is ready for Dogecoin to make a trend reversal and begin rising again.
Oooh. I haven't looked for a few hours. I'm ready for a trend reversal. I want to feel that positivity again. Being optimistic is so much more enjoyable than assuming everything's going to implode at any moment.
— Prestige☢️ (@S0meW0rri3s) February 5, 2022
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.
Yuri MolchanAt 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.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov