Billy Markus, the inventor of Dogecoin, the world’s first meme coin released in 2013, used Twitter to evaluate the recent rise in DOGE price. At the time of writing, Dogecoin is trading at $0.1493, just below the $0.15 resistance. It could not get rid of the sellers after briefly exceeding $0.15 during the day. Let’s take a quick look at what Billy Markus had to say about DOGE today.
Billy Markus: Dogecoin flirts with old friend at $0.15
In May of 2021, Dogecoin rose to the ATH level of $0.7376, but said goodbye to the region before it could reach the psychological resistance of $1. In his tweets during the day, Billy Markus said that Dogecoin could reverse the trend and even be ready to rise again:
Oooh. I haven’t looked for a few hours. I’m ready for a trend reversal. I want to feel the positivity again. It is much more enjoyable to be optimistic than to assume that everything will explode at any moment.
Referring to the ATH level of $ 0.7376, Markus reminded that DOGE is very short-lived at these levels. Looking back to 2021, Dogecoin has been on the decline since its Elon Musk-influenced peak of $0.7376, showing some minor signs of recovery but returning its gains. One of these local peaks is DOGE’s contact on October 20 for $0.3. The meme coin giant has since failed to reach that level again, or even come close. The weekly chart below shows the outlook for Dogecoin from 2021.
Elon Musk tweets
Dogecoin, which we quoted as Kriptokoin.com, reached a turning point in the first weeks of 2022, which even the leading crypto Bitcoin could not keep; electric car giant Tesla has started accepting DOGE for its products. The announcement was made by Tesla CEO Elon Musk, and the price of the meme coin rose 30% within hours.
In the developments that ignited the bull run of the cryptocurrency market, Bitcoin was added to Tesla’s payment method list, but the company temporarily suspended operations due to environmental problems with PoW mining. Elon Musk says that if Bitcoin mining switches to clean energy by half, transactions will reopen. Additionally, on May 24, 2021, Musk said he spoke to North American Bitcoin miners, and the BTC price rose 17% within minutes.
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