Dogecoin Earned $90 Billion – Billy Markus, the developer of Dogecoin, defended his cryptocurrency creation, which he claims he made in just a few hours, in a recent Twitter conversation. It eventually attained a remarkable $90 billion market worth in a single day, 8.5 years after he left the enterprise.
The discussion began when entrepreneur and investor Anthony Pompliano asked if there were any examples of $1 billion businesses developed without the need for staff.
Billy Markus replied quickly, telling the origin of Dogecoin, the popular meme-based cryptocurrency he co-founded in 2013. Pjb, another Twitter user, disputed Markus, claiming that Dogecoin was simply a fork of Litecoin, another well-known cryptocurrency. Markus responded by making a parallel between the user’s tweet and utilizing an already-created keyboard to defend his innovation.
See Tweet Below
i made a cryptocurrency in a few hours and left the project and it was trading at 90 billion dollar market cap for a day 8.5 years later
— Shibetoshi Nakamoto (@BillyM2k) April 7, 2023
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Dogecoin Earned $90 Billion: How Dogecoin Rose
The founder of Dogecoin’s defense comes in the wake of recent developments regarding the meme-inspired digital currency. When Twitter updated its logo to the Dogecoin logo, it sparked a rally that saw the cryptocurrency increase in value by about 30%. Unfortunately, the price spike was short-lived, as the rally immediately reversed and Dogecoin’s value fell.
Dogecoin’s quick price spike and subsequent collapse demonstrate the volatile nature of the cryptocurrency market, especially for assets lacking a stable foundation or real-world use cases like Dogecoin. While Dogecoin has earned substantial profits for some investors, many experts claim that its success is primarily due to hype and social media impact, rather than any intrinsic worth or utility.
Dogecoin Price Today
Dogecoin’s current price is $0.082893 USD, with a 24-hour trading volume of $1,415,271,040 USD. Our DOGE to USD pricing is updated in real-time. In the last 24 hours, Dogecoin has dropped by 8.10%. CoinMarketCap now ranks number 8 with a live market cap of $11,508,817,134 USD. It has a total circulating quantity of 138,838,876,384 DOGE coins.
Still, Dogecoin is a popular digital asset with a large network of fans and investors. The creator’s Twitter exchange serves as a reminder of Dogecoin’s unique and rather controversial origins.