As a researcher with a background in technology and finance, I find Billy Markus’ latest tweet about Dogecoin intriguing, especially given his historical involvement in its creation. His sarcastic comment about wanting DOGE to exceed IBM in market cap size is reminiscent of his humorous approach to the cryptocurrency world.
Billy Markus, who co-developed the first meme-inspired digital currency, Dogecoin, along with Jackson Palmer, recently made a humorous statement expressing his desire for a significant increase in Dogecoin’s value.
On the topic of Dogecoin’s latest price fluctuations, it was Markus (alias Shibetoshi Nakamoto) who shared his thoughts.
Shibetoshi wants DOGE to exceed IBM in market cap size
Known for his witty and humorous approach to Twitter, Shibetoshi Nakamoto recently posted on the X platform expressing his ambition for Dogecoin to not only achieve a market cap of approximately $210.27 billion but to exceed that figure as well.
If Dogecoin were to surpass IBM’s market value, it would be quite a feat, Markus noted. This would also mean that it would hold more worth than any workplace he has been associated with before, he added. Finding this amusing, he commented with a touch of sarcasm. However, it is important to note that Markus often expresses his preference for observing the cryptocurrency market rather than actively participating in it.
He’s made it clear that he won’t be starting any new digital currencies or “meme” cryptos. For now, Dogecoin is his unique creation in the crypto world, which has managed to secure a spot among the top 10 due to Elon Musk’s backing and the internet’s growing fascination with memes.
I aspire for Dogecoin’s value to surpass $210.27 billion because if it does, it will be worth more than IBM. That’s amusing since it would mean that my current or past workplaces are worth less than Dogecoin, which is quite a laugh!
— Shibetoshi Nakamoto (@BillyM2k) November 29, 2024
In other words, a user of X inquired from Markus whether such a high market capitalization could endure with the existing inflation rate. The user suggested that approximately $7 billion in new Dogecoin production annually might be necessary to maintain that level.
Shibetoshi Nakamoto responded with a GIF, saying “Who knows?!”
Dogecoin strives to break above $0.43
On Friday, the well-known meme cryptocurrency experienced a 8.78% increase, rising from $0.4006 to $0.447. This surge was subsequently followed by a dip of 4.26%, and later, DOGE made an attempt to reach the $0.4350 price point again.
The Dogecoin co-founder issued tweets to comment on those price movements, saying: “dogecoin doing more dogecoin things.” As of this writing, DOGE is trading at $0.4380.
dogecoin doing more dogecoin things
— Shibetoshi Nakamoto (@BillyM2k) November 30, 2024
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2024-11-30 13:44