Following the cryptocurrency’s recent rise, the Dogecoin founder commented on DOGE’s struggle to surpass the $0.15 level.
IT engineer Billy Markus, who co-founded the original meme cryptocurrency Dogecoin in 2013, took to Twitter to comment on DOGE’s recent price hike.
At the time of writing, the leading dog cryptocurrency is trading at $0.1469 and is struggling to retrace the $0.15 level. Earlier today, the cryptocurrency managed to break the $0.15 level, but later dropped back to $0.14.
“Dogecoin old friend 0.15 [dolarla] flirting.”
dog coin flirting with its old friend 15
— Shibetoshi Nakamoto (@BillyM2k) February 5, 2022
Markus also expressed that Dogecoin is ready to reverse the downtrend and start rising again. stated.
Dogecoin reached its all-time high of $0.7376 on May 21 last year, but it was unable to stay at this level for long and move further. The DOGE co-founder also commented on this issue and said that the coin’s adventure at $ 0.73 was quite short-lived.
Since reaching its ATH, Dogecoin remains in a bearish trend, with the meme coin recovering by reaching some tiny peaks and then falling below those levels. One of these most recent peaks mentioned was set when DOGE hit $0.3 on October 20, but the meme crypto hasn’t even gotten close enough to test that level since then.
At the end of 2021, the biggest meme cryptocurrency reached a milestone that Bitcoin failed to achieve, and Elon Musk’s company Tesla started accepting meme cryptocurrency for certain products. In early 2021, the e-car manufacturing giant started accepting Bitcoin for cars, but then quickly withdrawn that support, citing environmental concerns associated with its Proof-of-Work mining algorithm. This decision caused a massive price drop in Bitcoin.
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