Billy Markus, the inventor of the Japanese Sbiba Inu dog-themed meme coin project Dogecoin (DOGE), shared his price prediction for the altcoin on Twitter.
Ironic price prediction from the inventor of DOGE
Billy Markus, also known as Shibetoshi Nakamoto, creator of one of the most popular meme coins on the market, shared a satirical price prediction that gives hope to some DOGE investors in the comment below the tweet. .
Dogecoin will reach one dollar by the end of today.
But while some newbies in the crypto space may feel some reassurance, Dogecoin The creator quickly clarified his message and said he meant the Hong Kong dollar, not the US dollar.
Satirical nature of tweet, Dogecoin market in last 300 days It was not welcomed by some investors who expressed their disappointment with its performance. Since August of last year, DOGE has been mostly losing rather than gaining value, although sometimes DOGE shows signs of recovery.
However, as we mentioned in the news of Kriptokoin.com, DOGE surprised its investors with 20 percent recently, after Elon Musk, a Dogecoin fan and supporter, announced that he was willing to buy Twitter.
What is Dogecoin (DOGE)?
Dogecoin (DOGE) is based on the popular ‘doge’ internet meme and features a Shiba Inu in its logo. The open-source digital currency was created by Billy Markus of Portland, Oregon and Jackson Palmer of Sydney, Australia, and was forked from Litecoin in December 2013.
The creators of Dogecoin designed it as a fun, light-hearted cryptocurrency that will appeal more beyond the core Bitcoin audience because it is based on a dog meme. Its popularity skyrocketed after Tesla CEO Elon Musk posted several tweets on social media stating that Dogecoin is his favorite cryptocurrency.
According to CoinMarketCap data, at the time of writing, DOGE was trading at $0.1422, losing 2.77% in the last 24 hours. DOGE, which managed to stay in the top 10 for a long time in terms of market value, is now in 11th place with an approximate value of 19 billion dollars. The meme coin is 80.70% off from its all-time high of $0.7376, which it saw about a year ago.
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