u.today
Billy Markus, known on social media as Shibetoshi Nakamoto and cofounder of the iconic meme cryptocurrency Dogecoin (DOGE), has shared an unexpected success tip. Markus, known for his bold statements, has revealed what it takes to attract a huge following in the social media space.
Power of DOGE and Musk
In his post, Markus, who has 2.2 million followers on X, jokingly advised how anyone can replicate this. Markus says that to do this, one needs to "release a cryptocurrency worth $60 billion that the richest man in the world finds amusing."
The post suggests that his huge fan base came from the Dogecoin community, which has become a major support. The Dogecoin creator, who initially founded it as a joke, alluded to this in the post when he mentioned, "Fumble your bag."
Markus humorously suggests that he did not bet on Dogecoin’s massive success alone. However, with his close association with Elon Musk, the Dogecoin project has thrived. Hence, a mix of DOGE and Musk can help drive social media success.
Beyond social media fame, analysts have lauded DOGE’s remarkable performance in the crypto space as the leading meme coin. Evolving from a "joke," Dogecoin has grown into a massive asset valued at over $61 billion in market capitalization.
DOGE market update and outlook
As of this writing, the DOGE price was trading at $0.416, up 3.21% in the last 24 hours. However, market volume has recorded a significant drop of 34.87% to $6.09 billion. Despite this, bullish sentiment remains high.
Market watchers consider Musk's recent nomination as one of DOGE’s greatest influencers in the incoming administration to be contributing to the bullish sentiment. Musk is known to impact DOGE’s market price with his posts on X.
Additionally, as recently reported by U.Today, the technical indicator for DOGE shows that despite the market correction, Dogecoin’s performance has the potential to regain its bullish trend.