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Billy Markuswho created Dogecoin, the original meme-themed cryptocurrency, in collaboration with Jackson Palmer, published a tongue-in-cheek post about DOGE, expressing how much he would like the coin’s price to reach a high level.
Markus, known on social media as Shibetoshi Nakamoto, also commented on Dogecoin’s recent price movements.
Shibetoshi wants DOGE to overtake IBM in market cap
Shibetoshi Nakamoto, known for his typical sarcastic and jokey way of tweeting, posted an article on Platform
This way, Dogecoin would become bigger than IBM in terms of valuation. That would be a good thing, Markus continues, because it would be worth more than any place he’s ever worked. That “would be funny,” he concluded with dark irony. Markus has often stated in his tweets that he prefers to stay away from any active participation in the cryptocurrency space and simply remain an observer.
He has no plans to create a new cryptocurrency or a meme cryptocurrency, he has said several times. Therefore, Dogecoin remains its only original idea operating in the crypto space these days and it is in the top 10, largely thanks to the support of Elon Musk and the current growing trend of internet memes.
However, an X user asked Markus if such a high level of market capitalization would be sustainable at the current rate of inflation. To maintain this high level, the user said it would take “around $7 billion worth of new doges created per year.”
Shibetoshi Nakamoto responded with a GIF saying “Who knows?!”
Related
Dogecoin strives to surpass $0.43
On Friday, the iconic meme cryptocurrency saw growth of 8.78%, from $0.4006 to $0.447. This move was followed by a 4.26% decline and then DOGE once again attempted to test the $0.4350 price level.
Dogecoin’s co-founder posted tweets to comment on these price movements, saying, “dogecoin is doing more things with dogecoin.” As of this writing, DOGE is trading at $0.4380.