Dogecoin’s recent market performance has left its cofounder, Billy Markus, widely known in the community as Shibetoshi Nakamoto, stunned by the significant upward momentum of the coin he helped launch. Over the past week, Dogecoin has seen an 83% increase in price, its largest weekly gain in over two years, pushing its value to an impressive $0.3 – its highest level since 2021.
Markus was pretty blown away by the speed of Dogecoin’s rise and was pretty open about how he felt when he saw the price jump like that. The Dogecoin creator’s intense reaction, while not unusual given the coin’s history of volatility, showed that he was genuinely surprised by this latest surge.
Now that the rally is underway, many in the community are wondering if Dogecoin (DOGE) might finally reach the long-discussed $1 goal. In response to one supporter’s optimistic guess, Markus said that while reaching such an ambitious level may seem unlikely, the unpredictable nature of cryptocurrency markets makes it possible.
nothing is impossible in the retarded world of cryptocurrency
— Shibetoshi Nakamoto (@BillyM2k) November 11, 2024
His answer was quite cautious, but he seemed optimistic. While Markus did not give any specific investment advice, he did point out the uncertainty surrounding the future price of Dogecoin.
How to ride this DOGE wave?
At the same time, advice was given by another loud voice among Dogecoin enthusiasts, as Mishaboar, prominent DOGE contributor, revealed four essential tips to survive the volatility as greed and fear of missing out takes over the crypto market.
Thus, as reported by U.Today, citing Mishaboar, one should not invest more in DOGE than one can afford, should stay away from leverage and futures, rely on self-custody and use multiple wallets and exchanges.
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