The inventor of the popular meme coin Dogecoin (DOGE) commented on a Bitcoin analyst’s analysis. The sarcastic tweet of the DOGE inventor caught the attention of the cryptocurrency community. Here are the details…
DOGE inventor teases Bitcoin account
A crypto analyst by the nickname has been bullish, estimating that Bitcoin should hit a firm target of $1.3 million by December. “I reached that number using January earnings, which averaged 42 percent per month,” Pentoshi told his 670,000 followers on Twitter. The analyst stated that he would return at that time to take profit, saying “easy math”. Dogecoin founder Shibetoshi Nakamoto mocked the analyst, saying he “did the math.”
While Pentoshi’s math seems wrong, one Twitter user told him, “I’m going to place a $5,000 bet on this. Is it possible?” When he said that, the analyst sarcastically said, “Well, I’m putting in $1 million that this won’t happen. If he doesn’t reach that level, I win – if he does, I’ll pay you 2.5 million,” he said.
Dogecoin continues to receive support
Apart from the DOGE inventor’s comments, the coin is gaining widespread attention. In particular, the billionaire name continues to receive the support of Elon Musk. cryptocoin.com As we reported, Tesla, Space X, and Twitter CEO Elon Musk, after previously putting pressure on the fast-food giant to adopt the cryptocurrency, announced that McDonald’s meme-inspired cryptocurrency Dogecoin (DOGE) is a payment option. He continued the pressure to accept it as his method.
Responding to a tweet from McDonald’s inactive official account, a user asked Musk if the offer to eat Happy Meals on TV was still valid if the fast-food chain accepted DOGE dollars as a payment method. Musk also responded positively to this. Musk is a well-known Dogecoin proponent. Tesla began accepting DOGE payments on its website in late 2021 and supported the use of DOGE in the sale of certain products. Musk also hinted that SpaceX may soon accept DOGE payments.
The first McDonald’s tweet in January of last year helped DOGE to rally 20 percent, while the meme token responds less dramatically to Musk’s 2023 tweet. DOGE is trading at $0.089, up 5% in the last 24 hours. The cryptocurrency ranks 9th with a market cap of $12.4 million. The coin has gained 4 percent in the last 7 days, revealing that it follows the price action of Bitcoin. McDonald’s has not indicated that it is interested in accepting DOGE as payment.
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