In a recent development, Dogecoin witnessed a remarkable surge of 18% within a 24-hour period, leaving the crypto community abuzz with discussions. Adding a touch of humor to the situation, Billy Markus concluded, “If you feel offended by this, you’re not mentally retarded enough to work in the crypto space,” accompanied by the expressive acronym “ROFL” in his tweets. He elaborated on the origins of this idea by sharing a screenshot from December 8, 2013, on the Bitcoin forum, where a user responded affirmatively to intentionally delaying DOGE, stating, “Yes, it is.”
Billy Markus, the co-founder of the original DOGE cryptocurrency alongside Jackson Palmer, shared thoughts on Dogecoin and referenced his “historical” message from the Bitcoin forum. Known as “Shibetoshi Nakamoto” on various social media platforms, Markus provided insights into the inception of DOGE.
During the past 24 hours, Dogecoin’s price experienced a substantial surge, marking a noteworthy increase of 22.76% today. At the time of writing, Dogecoin’s value reached $0.1501, having momentarily dipped to $0.1456, indicating a slight decline of 3.21%.
Read more Dogecoin (DOGE) Riding the Bullish Wave: Surges 51% in Seven Days
Impressive 73.28% Gain
This surge is largely attributed to the recent momentum in the “crypto market locomotive” – Bitcoin. As of now, Bitcoin has retraced below $62,000, trading at $61,990. Since the beginning of the week, Bitcoin has surged by 21.74%, reaching a brief peak of $64,000. The recent surge in Bitcoin was fueled by excitement and institutional buzz surrounding exchange-traded Bitcoin funds (ETFs). Regulatory approval for these funds, particularly Grayscale, was granted on January 11, following considerable pressure. BlackRock, currently holding $10 billion worth of Bitcoin, emerged as the largest instant-based Bitcoin ETF during the past week, leaving other ETF providers such as Fidelity, Bitwise, and VanEck in its wake.
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