Dogecoin's Remarkable Surge Stuns Co-Founder
Dogecoin's recent market performance has astounded its co-founder, Billy Markus (Shibetoshi Nakamoto). The coin has experienced a staggering 83% price increase over the past week, its highest weekly gain since 2022, reaching an impressive $0.3 – its highest value since 2021.
Markus expressed his surprise at the speed of Dogecoin's ascent. Despite the coin's history of volatility, his reaction revealed his genuine astonishment at this surge.
Speculations on $1 Target
With the rally underway, many speculate whether Dogecoin (DOGE) could reach the long-discussed $1 target. Responding to an optimistic estimate, Markus acknowledged the possibility, given the capricious nature of cryptocurrency markets.
Cautious Optimism
While Markus did not provide specific investment advice, his caution is evident. He emphasized the uncertainty surrounding Dogecoin's future price.
Navigating the DOGE Wave
Mishaboar, a prominent Dogecoin contributor, offers tips to navigate the market volatility:
- Invest only what you can afford to lose.
- Avoid leverage and futures.
- Rely on self-custody by using multiple wallets and exchanges.