Humor Or Sarcasm? Dogecoin Leaps 20%, Co-Creator Says He Doesn’t Know Why

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 ‘No Idea’ 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 “no idea” why the price jumped so much. Q&A Q: why is dogecoin up 20% this week? A: no idea — 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, “It’s pretty almost my answer to everything crypto price related.” It’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 – 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’s observations add still another level of mystery since he calls this era “DOGE season,” stressing the coin’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

Oct 1, 2024 - 14:00

Humor Or Sarcasm? Dogecoin Leaps 20%, Co-Creator Says He Doesn’t Know Why

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.

‘No Idea’

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 “no idea” why the price jumped so much.

Q&A
Q: why is dogecoin up 20% this week?
A: no idea
— 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, “It’s pretty almost my answer to everything crypto price related.” It’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 – 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’s observations add still another level of mystery since he calls this era “DOGE season,” stressing the coin’s possible upcoming trajectory for significant gains depending on past trends.