{"id":645569,"date":"2024-10-01T10:00:01","date_gmt":"2024-10-01T10:00:01","guid":{"rendered":"https:\/\/ktsl888.com\/?p=645569"},"modified":"2024-10-01T10:00:32","modified_gmt":"2024-10-01T10:00:32","slug":"humor-or-sarcasm-dogecoin-leaps-20-co-creator-says-he-doesnt-know-why","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/humor-or-sarcasm-dogecoin-leaps-20-co-creator-says-he-doesnt-know-why\/","title":{"rendered":"Humor Or Sarcasm? Dogecoin Leaps 20%, Co-Creator Says He Doesn&#8217;t Know Why"},"content":{"rendered":"<p>Making headlines in the crypto scene last week, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" target=\"_blank\" rel=\"noopener nofollow\">Dogecoin (DOGE) jumped<\/a> an astounding 20% in a few days. Renowned for its meme beginnings and devoted following, the coin moved from $0.10745 to a peak of $0.13080. Many people were perplexed by this surprising surge and questioned what might have produced such a sharp change.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/xrp-to-1000-experts-weigh-in-on-bold-predictions-and-market-realities\/\" target=\"_blank\" rel=\"noopener \">XRP To $1,000? Experts Weigh In On Bold Predictions And Market Realities<\/a><\/div>\n<h2>&#8216;No Idea&#8217;<\/h2>\n<p>Prominent for his sardonic views on the crypto market, co-creator Billy Markus answered nothing. Emphasizing the erratic character of cryptocurrencies, he said he had &#8220;no idea&#8221; why the price jumped so much.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Q&amp;A<\/p>\n<p>Q: why is dogecoin up 20% this week?<\/p>\n<p>A: no idea<\/p>\n<p>\u2014 Shibetoshi Nakamoto (@BillyM2k) <a href=\"https:\/\/twitter.com\/BillyM2k\/status\/54741012?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 29, 2024<\/a><\/p><\/blockquote>\n<p>Having lightened the mood, Markus headed to the X platform to connect with his followers. Commenting on how prompt he was in addressing this huge change in the market, Markus said, &#8220;It&#8217;s pretty almost my answer to everything crypto price related.&#8221; It&#8217;s a statement that epitomizes not just his humor but also the ultimate reality faced by so many crypto enthusiasts: a lot of art and not so much science when predicting a price move.<\/p>\n<p>Closely tracking Dogecoin is another analyst &#8211; Trader Tardigrade. On the monthly graph of Dogecoin, he noted a technical pattern sometimes referred to as the Falling wedge. This trend sometimes shows positive reversals, implying that the coin might be about to undergo notable price rise. Tardigrade&#8217;s observations add still another level of mystery since he calls this era &#8220;DOGE season,&#8221; stressing the coin&#8217;s possible upcoming trajectory for significant gains depending on past trends.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Dogecoin<\/a> monthly chart shows early sign of breakout to a Falling Wedge, which kicks off the start of <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DOGE<\/a> season \ud83d\udd25<br \/>\nThe pattern is almost the same as last two cycles.<br \/>\nThere&#8217;s no reason for this time is different.<br \/>\nSend <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$DOGE<\/a> to $1.6, Doge fam \ud83d\ude80 <a href=\"https:\/\/t.co\/snqNsDpIhO\" rel=\"nofollow\">pic.twitter.com\/snqNsDpIhO<\/a><\/p>\n<p>\u2014 Trader Tardigrade (@TATrader_Alan) <a href=\"https:\/\/twitter.com\/TATrader_Alan\/status\/41961372?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 29, 2024<\/a><\/p><\/blockquote>\n<h2>Whale Activity Drives Price Explosion<\/h2>\n<p>The increase in whale activity is most likely the cause of Dogecoin&#8217;s amazing climb. Major cryptocurrency owners grabbed 1.4 billion DOGE over just 48 hours, valued roughly $140 million. Such large acquisitions can cause waves in the market that raise prices and draw interest from smaller investors.<\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/1LOMr17b\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">DOG market cap currently at $6.8 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/uni-surges-30-amid-ongoing-on-chain-development-talks\/\" target=\"_blank\" rel=\"noopener \">UNI Surges 30% Amid Ongoing On-Chain Development Talks<\/a><\/div>\n<p>Another unidentified whale arrived on the scene purchasing an extra 1.4 billion DOGE, which caused Markus to react with a little surprise or confusion. His surprise emphasizes the peculiar characteristics of the crypto market, in which big holdings can greatly affect pricing.<\/p>\n<p>Markus stated that he is not planning to introduce any new cryptocurrencies, even if he is absolutely instrumental in building Dogecoin back in 2013. He advised prospective buyers against believing fraudulent assertions regarding his participation in other initiatives. Those who are thinking about investing in the often shifting terrain of cryptocurrencies, where false information can proliferate like wildfire, depend on this clarity.<\/p>\n<h3>Analysts See Potential Breakout<\/h3>\n<p>With excitement building, some analysts even suggest that Dogecoin could be on the brink of a big breakout. As of this writing, the tone in the crypto space remains positive. Experts believe DOGE can shoot up all the way to a price of $1.6 in the near future. The identification by Tardigrade of the Falling Wedge pattern is one decent reason for such optimism as this pattern had historically preceded some mammoth price rallies for Dogecoin.<\/p>\n<p><em>Featured image from StormGain, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Making headlines in the crypto scene last week, Dogecoin (DOGE) jumped an astounding 20% in a few days. Renowned for its meme beginnings and devoted following, the coin moved from $0.10745 to a peak of $0.13080. Many people were perplexed by this surprising surge and questioned what might have produced such a sharp change. Related Reading: XRP To $1,000? Experts Weigh In On Bold Predictions And Market Realities &#8216;No Idea&#8217; Prominent for his sardonic views on the crypto market, co-creator Billy Markus answered nothing. Emphasizing the erratic character of cryptocurrencies, he said he had &#8220;no idea&#8221; why the price jumped so much. Q&amp;A Q: why is dogecoin up 20% this week? A: no idea \u2014 Shibetoshi Nakamoto (@BillyM2k) September 29, 2024 Having lightened the mood, Markus headed to the X platform to connect with his followers. Commenting on how prompt he was in addressing this huge change in the market, Markus said, &#8220;It&#8217;s pretty almost my answer to everything crypto price related.&#8221; It&#8217;s a statement that epitomizes not just his humor but also the ultimate reality faced by so many crypto enthusiasts: a lot of art and not so much science when predicting a price move. Closely tracking Dogecoin is another analyst &#8211; Trader Tardigrade. On the monthly graph of Dogecoin, he noted a technical pattern sometimes referred to as the Falling wedge. This trend sometimes shows positive reversals, implying that the coin might be about to undergo notable price rise. Tardigrade&#8217;s observations add still another level of mystery since he calls this era &#8220;DOGE season,&#8221; stressing the coin&#8217;s possible upcoming trajectory for significant gains depending on past trends. #Dogecoin monthly chart shows early sign of breakout to a Falling Wedge, which kicks off the start of $DOGE season \ud83d\udd25 The pattern is almost the same as last two cycles. There&#8217;s no reason for this time is different. Send $DOGE to $1.6, Doge fam \ud83d\ude80 pic.twitter.com\/snqNsDpIhO \u2014 Trader Tardigrade (@TATrader_Alan) September 29, 2024 Whale Activity Drives Price Explosion The increase in whale activity is most likely the cause of Dogecoin&#8217;s amazing climb. Major cryptocurrency owners grabbed 1.4 billion DOGE over just 48 hours, valued roughly $140 million. Such large acquisitions can cause waves in the market that raise prices and draw interest from smaller investors. Related Reading: UNI Surges 30% Amid Ongoing On-Chain Development Talks Another unidentified whale arrived on the scene purchasing an extra 1.4 billion DOGE, which caused Markus to react with a little surprise or confusion. His surprise emphasizes the peculiar characteristics of the crypto market, in which big holdings can greatly affect pricing. Markus stated that he is not planning to introduce any new cryptocurrencies, even if he is absolutely instrumental in building Dogecoin back in 2013. He advised prospective buyers against believing fraudulent assertions regarding his participation in other initiatives. Those who are thinking about investing in the often shifting terrain of cryptocurrencies, where false information can proliferate like wildfire, depend on this clarity. Analysts See Potential Breakout With excitement building, some analysts even suggest that Dogecoin could be on the brink of a big breakout. As of this writing, the tone in the crypto space remains positive. Experts believe DOGE can shoot up all the way to a price of $1.6 in the near future. The identification by Tardigrade of the Falling Wedge pattern is one decent reason for such optimism as this pattern had historically preceded some mammoth price rallies for Dogecoin. Featured image from StormGain, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":645581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,93119,6664,1785,7,86970,84471],"class_list":["post-645569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-billy-markus","tag-crypto","tag-doge","tag-dogecoin","tag-joke-coin","tag-meme-coin"],"acf":[],"yoast_head":"\n<title>Dogecoin Leaps 20%, Co-Creator Says He Doesn&#039;t Know Why<\/title>\n<meta name=\"description\" content=\"Making headlines in the crypto scene last week, Dogecoin (DOGE) jumped an astounding 20% in a few days. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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