Dogecoin, the meme cryptocurrency that seeks to be a global payment method, has in recent years taken off primarily as a digital tipping tool for sending minuscule amounts of value.
Dogecoin co-founder Billy Markus believes the future of the dog-themed cryptocurrency is bright as it is primed to fix the internet.
Markus On Dogecoin Becoming The “World’s Standard Micro-Transaction Platform”
As the Internet of Things continues to gain traction, there’s a growing demand for real-time small payments with low transaction fees.
Dogecoin, the original meme coin that was developed by Billy Markus and Jackson Palmer back in 2013 as a riposte to bitcoin, has quickly grown as a popular method for enabling frictionless microtransactions across the internet.
According to Markus, who goes by Shibetoshi Nakamoto on Twitter, dogecoin will fix the internet. In a Feb. 4 tweet, he said the cryptocurrency will become “the world’s standard micro-transaction platform”.
Markus is not the only one who is pushing for greater Dogecoin success.
In May, Tesla/SpaceX CEO Elon Musk affirmed that Dogecoin would “hands down” beat bitcoin if it sped up its block time and block size by 10x and decreased fees by 100x. Throughout 2021, Musk was one of Dogecoin’s staunch supporters, and his frequent tweets often pushed the price of DOGE higher.
Musk has also been working with Dogecoin developers with plans of making the joke cryptocurrency convenient and cheap to use for everyday purchases like movie tickets and a cup of coffee.
Dogecoin has also found prominent fans in Dallas Mavericks owner Mark Cuban and AMC Theaters.
DOGE Flirts With $0.15; Potential Drastic Trend Reversal Ahead?
Over the last 24 hours, the dogecoin price has experienced a 7.57% recovery, reclaiming the $0.15 support level. The cryptocurrency has, however, retraced a little to $0.1493 at the time of publication.
In another tweet, Markus, who shockingly revealed he only holds 220K DOGE, said that dogecoin was “flirting with its old friend 15”. Responding to a Twitter user who said they are optimistic about a trend reversal, the dogecoin co-creator suggested he prefers being downbeat in order to psychologically prepare for a potential total doomsday situation.
Dogecoin set a lifetime high of $0.731578 on May 8, 2021. That peak wouldn’t hold long, however. Markus also commented on this, indicating that the flirt with 73 cents was quite short-lived.
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