DOGE founder lists key reasons for his increased appreciation of crypto

Billy Markus, co-creator of the meme-inspired cryptocurrency Dogecoin, recently expressed his renewed appreciation for the underlying principles of crypto.

Markus, who uses the pseudonym Shibetoshi Nakamoto on social media, believes that these principles can lead to positive outcomes. He cites the incorruptibility of code as a reason for his growing trust in crypto, stating that "Humans are so much more easily corruptible than code."

Markus' interest has also been piqued by the recent price surges, which he attributes to the increasing recognition of crypto's ability to combat excessive bank fees. He critiqued banking practices, saying, "The more you learn about how banks operate, the more it deserves to be disrupted."

Dogecoin's 11th Anniversary

The Dogecoin community recently celebrated the 11th anniversary of the cryptocurrency's launch on December 6, 2013. Markus reflected on DOGE's journey and expressed disbelief at its enduring success.

He characterized the anniversary celebrations as a reminder of the potential for small actions to have significant impacts. Dogecoin's market cap now exceeds $65 billion, making it the seventh-largest crypto by market capitalization.

Market Analysts' Outlook

Analysts are optimistic about Dogecoin's future trajectory. They point to a 25-day consolidation phase that has historically preceded significant rallies.

Master Kenobi predicts a potential surge to $1, while Kevin Capital estimates a range of $3 to $4. Analysts maintain a bullish long-term outlook despite the recent consolidation phase.

Technical analysis indicates a classic ascending triangle pattern, suggesting a potential breakout to $0.56. Elon Musk's association with Dogecoin continues to influence its market performance.