cryptopolitan.com
Billy Markus, the founder of Dogecoin, also known as Shibetoshi Nakamoto, has recently listed his top five favourite cryptocurrencies.
The first on Markus’s list is Dogecoin, which is quite expected since he is one of its creators. DOGE was created as a meme coin but has since gained a lot of adoption and has a large community of users.
The digital asset has also been endorsed by celebrities such as Elon Musk. On Dogecoin’s 11th anniversary on 6th December, Markus said that he did not expect the impact from the coin, which he initially conceived as a joke. He stated,” it is extremely surreal that some silly thing I made in a few hours has had the impact on the world that it has.”
Bitcoin, the first digital currency in the world, was also on the list. Markus recognized its historical significance and its position as one of the early players in the crypto industry.
Avalanche and Ethereum highlight utility
Markus selected Avalanche as the third one because it is fast and scalable, and more people are joining the protocol. Avalanche is a blockchain platform that is based on Ethereum and has been on the rise due to the fact that it allows for the operation of real world applications that are efficient.
According to Markus, Ethereum made it to his list because of its performance in the area of smart contracts and dApps. He shared his experience of positive interactions with Ethereum as he engaged in business with NFTs and other projects. Although the high gas fees are still a problem of Ethereum, it is the most versatile and popular coin among other cryptocurrencies.
Rounding out the list was Solana, which was hailed for its expanding ecosystem and investment effectiveness. Markus also pointed out that the platform had been used in many projects and has helped build its image as a significant competitor in the market. At the beginning of the year, Markus even challenged Solana and Ethereum communities to a memecoins-themed contest.
When asked why he didn’t include XRP in the list of currencies he owns, Markus replied that he doesn’t own any XRP and jokingly said that he might if he receives some as a gift.
i own 0 xrp
if someone sent me a million dollars worth i would probably like it more
— Shibetoshi Nakamoto (@BillyM2k) December 16, 2024
Trusting crypto over tradition
Besides these choices, Markus recently disclosed that he had a shift in the perception of cryptocurrencies in general. In a recent post on the X, he confessed to liking crypto more than ever before.
i’m beginning to appreciate cryptocurrency so much more recently and not simply because of the price increases (though ngl that helps lol)
— Shibetoshi Nakamoto (@BillyM2k) December 7, 2024
Though prices have gone up, he stressed that there was a more fundamental cause. He believes in code supremacy over humans because, according to him, it is easier to bribe a human than to tamper with well audited code.
One follower pointed out that crypto can help with high bank fees, and Markus agreed that banking deserves disruption. According to him, the more one understands conventional finance, the more compelling the case for crypto is.
As of this writing, Bitcoin is trading at $106,000, while Ethereum crossed $4,000. Dogecoin also became the seventh largest cryptocurrency by market capitalization, trading at $0.4 before a slight decline.