Dogecoin Founder Responds as DOGE, BTC Skyrocket

Dogecoin Co-Founder Reacts to Price Surge

Dogecoin's co-founder, Billy Markus, has commented on the recent surge in prices for Bitcoin (BTC) and Dogecoin (DOGE).

Markus' Prophetic Prediction

Earlier, Markus had humorously predicted that "Bitcoin would reach $69,420, while Dogecoin would hit $0.16942," emphasizing the importance of memes.

Prophetic Fulfillment

With both cryptocurrencies surpassing these projections, Markus revisited his statement with his signature humor: "Well, Bitcoin and Doge listened to the prophecy, anyway."

Crypto Market Rise

In a subsequent tweet, Markus acknowledged the broader market rally, which witnessed Bitcoin setting a new record high and various digital assets experiencing double-digit gains.

Dogecoin's Surge

Dogecoin surged over 22% on Wednesday, coinciding with the rise of meme coins. This movement occurred as Bitcoin climbed to a new high of $75,000. Meme coins and AI-related crypto tokens are currently outperforming the cryptocurrency market as a whole.

DOGE's Performance

At the time of writing, DOGE has risen 18% in the past 24 hours to $0.197 and 17% weekly. Futures tracking DOGE indicate $30.5 million in short liquidations over the past 24 hours, suggesting that the surge was partly due to the covering of losing bets. DOGE has achieved approximately 75% gains over the past 30 days, making it the top-performing major cryptocurrency.

Bitcoin's All-Time High

Bitcoin experienced a strong rebound, reaching an all-time high overnight. The digital asset climbed by as much as 10% to $75,410. Although it has given back some of these gains, it currently trades at $73,553, up 7.15%.

Bitcoin's History

Bitcoin's previous high of $73,797.68 was set on March 14. Since then, it has traded mostly below $70,000 before its recent surge. BTC has grown 75% in 2024, outperforming both stocks and gold.