Dogecoin Founder Reacts to Ethereum (ETH) Price Prediction

Dogecoin Co-Founder Weighs in on Ethereum Price

Cover image courtesy of U.Today

Billy Markus, co-founder of Dogecoin and known on Twitter as Shibetoshi Nakamoto, recently shared his thoughts on Ethereum's price action.

Markus's Perspective

As a prominent figure in the cryptocurrency community, Markus frequently interacts with fellow enthusiasts. His latest tweet addresses the ongoing debate surrounding Ethereum's potential for further gains.

Ethereum's September Performance

Markus acknowledged that Ethereum has experienced an 8% increase in September, a month traditionally considered bearish for cryptocurrencies.

Community Sentiment

Markus's tweet includes a screenshot asking when Ethereum will reach a new all-time high. He suggests that "most people think no apparently," indicating skepticism within the community about a significant rally before the end of the year.

Markus's Humorous Approach

Markus is known for his lighthearted approach to the crypto market, as Dogecoin itself was created as a parody. His comment may be humorous, given the laughing emoji at its conclusion.

Ethereum's Market Trend

Ethereum's September gains align with a broader recovery trend in the cryptocurrency market. Bitcoin, the largest cryptocurrency by market capitalization, is on track for one of its best September performances. Interest rate cuts by the U.S. Federal Reserve and other central banks have contributed to this recovery.

Current Price

At the time of writing, ETH is up 0.97% in the past 24 hours, trading at $2,674. It has gained 5% over the past week.