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Here's Biggest Bull Signal for Dogecoin Ever: DOGE Cofounder

Fri, 01/21/2022 - 12:31
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Yuri Molchan
Dogecoin cofounder has detected "biggest bull signal for DOGE" in history, here's what it is
Here's Biggest Bull Signal for Dogecoin Ever: DOGE Cofounder
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Cofounder of Dogecoin Billy Markus, known as Shibetoshi Nakamoto on Twitter, has shared what he sees as "the biggest bull signal for Dogecoin" on his Twitter page.

This turned out to be a warning made by CNBC's Mad Money host and popular U.S. TV personality Jim Cramer. On Jan. 20, he claimed that DOGE is an unregistered security.

He warned his followers to be careful with DOGE as, according to him, it will eventually be regulated and, overall, all meme cryptocurrencies are created to make money for crypto exchanges.

In response, Markus also advised Cramer to research crypto better since Dogecoin is mined using the proof-of-work (PoW) consensus protocol, similar to Bitcoin.

As is well known, a few years ago, U.S. regulatory agency the SEC announced that Bitcoin and Ethereum are not securities. At the moment, another cryptocurrency is claimed to be an unregistered security: Ripple-affiliated XRP.

Related
Jim Cramer Has Major Warning for Dogecoin Buyers

The SEC has brought a lawsuit against Ripple Labs and two of its bosses, cofounder Chris Larsen and chief executive Brad Garlinghouse. These two entrepreneurs are particularly accused of earning more than $1.3 billion selling XRP to institutional investors since 2013.

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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.