DOGE Plunges 9% As Creator Reveals How Much He Holds In This Cryptocurrency
28 Dezember 2021 - 8:20PM
NEWSBTC
Billy Markus, creator of popular cryptocurrency Dogecoin (DOGE) has
disclosed his holding in this cryptocurrency. Via his Twitter
account under the user Shibetoshi Nakamoto, Markus addressed his
role on the project and replied to questions made by other users.
Related Reading | Tesla To Accept Dogecoin For Merchandise, Token
Soars 30% Markus and Jackson Palmer co-created DOGE back in 2013 as
a parody to Bitcoin. Since its inception the cryptocurrency has
gained popularity and hence increased its value from well below the
$0.010 to an all-time high north of $0.70 providing many earlier
supporters of this project, and those that hype in due to Elon
Musk’s tweets, with massive gains. DOGE’s surge in 2021, the
attention it has received from retail investors, Musk and crypto
personalities have made Markus’ twitter account one of the most
recognizable and with the most followers. The co-inventor of the
Shiba Inu inspired cryptocurrency has had to constantly remind new
investors that he is no longer involved with the Dogecoin project.
As he revealed his DOGE holding, far less that what many would have
assumed, Shibetoshi Nakamoto claimed the following: Yet another
reminder: I don’t speak for dogecoin. I am not on the project. I am
a community member. I hold about 220k doge. I will defend those who
I feel are actively making the space better. I will discourage
those who I feel aren’t. I will talk about whatever I want. Markus
lives up to the spirit of DOGE, he avoids “entitlement” and claims
to be all about this crryptocurrency’s community supported by
volunteers. Thus, Markus told his followers that he “will never” go
back to coding DOGE, he has been very open on his stance about the
crypto industry and related projects: (…) working on a crypto
project is terrible as I have actually found the more you do for
people, the more entitled they get and worse they treat you. I
respect the developers a lot for volunteering to do so for all
these years. DOGE Advances On The Back Of Its Community? The
Dogecoin project is support via the Dogecoin Foundation, brought
back on August 16th, 2021, with the help of Elon Musk, and Vitalik
Buterin, the inventor of Ethereum. This non-profit organization
published a trailmap for DOGE. Related Reading | Elon Musk Sells
Tesla Shares For $5B. Will He Buy Dogecoin? Billy Musk is part of
said foundation in the role of “community and memes” advisor
alongside Jared Birchall, a representative for Elon Musk, Buterin,
and Max Keller a Dogecoin core developer. According to the the
trailmap, Dogecoin is bound to receive more use cases and
implementations in the future. In the meantime, DOGE has been
correcting in the 24-hours as the general sentiment in the market
turns bearish and major cryptocurrencies bleed into critical
support. Dogecoin lost its spot in the crypto top 10 by market cap
but remains one of the 20 most valuable projects in the crypto
space.
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