There are remarkable developments in these days when the cryptocurrency industry is going through a turbulent period. Among those who signed these developments was the Dogecoin (DOGE) team. You will have those who remember; Jackson Palmer, one of the co-founders of Dogecoin, who made a statement recently, accused Elon Musk of fraud.
Now, another statement has come from the Dogecoin front. Billy Markus, one of the founders of Dogecoin, made a statement about altcoins. In this statement, Markus said that 99 percent of altcoins will sink and see zero. According to Marcus, major cryptocurrencies could lose around 90 percent.
“500 tokens are released every day”
According to the Dogecoin co-founder, 500 new tokens are released every day, and these tokens have little or no chance of survival. From this, we can deduce that Billy Markus does not trust cryptocurrencies very much. With this; There is one more thing that Markus does not trust. Dogecoin’s boss thinks web 3.0 is a gamble.
Let’s not go without saying that Billy Markus has a different mindset. Markus, who sold all his DOGEs and bought a car because he needed money in 2015, is one of the most unfortunate entrepreneurs in the cryptocurrency world. Because Dogecoin was trading at $ 0.0001 in 2015. The altcoin, which became famous with the support of Elon Musk, rose to $ 0.65 in 2021. In other words, there is an increase of 6,500 times. Let’s say that the price of Dogecoin is currently trading at $ 0.085…
*This content is not investment advice.
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