Toxicity May Negatively Impact DOGE Brand, Says Co-Founder Billy Markus Urging Focus Shift From Speculations

Billy Markus has urged the DOGE community members to “stay cool”.

Toxicity May Negatively Impact DOGE Brand, Says Co-Founder Billy Markus Urging Focus Shift From Speculations

Photo Credit: Unsplash/ Olieman.eth

Dogecoin was created as a joke in 2013 and its mascot is a Shiba Inu dog

  • DOGE under pressure due to crypto market fluctuations
  • Dogecoin presently trading at $0.15 (roughly Rs. 11)
  • DOGE co-founder Billy Markus urges community to remain positive

It's been a rough couple of months for meme-based cryptocurrency Dogecoin that has failed to register any gains amid market fluctuations. Billy Markus, the co-founder of DOGE, is now warning the members of this meme-coin community against getting “crazy, toxic, attacky, spammy, and entitled” that could devalue the brand. The DOGE token has been reeling under market volatility since before the beginning of 2022. At the time of writing, each DOGE token was trading for around $0.15 (roughly Rs. 11) with a loss of up to 3.36 percent in the last 24 hours on international exchanges.

Markus, who goes by the name of Shibetoshi Nakamoto on Twitter, posted a thread of tweets, asking the DOGE community to “stay cool” and avoid speculations around the hype and price of the altcoin.

“Companies won't accept the coin,” the DOGE co-founder tweeted, along with listing other negative outcomes that he expects would hit the brand if the community does not stop indulging in negativity around the presently down-trending coin.

Dogecoin is an open source peer-to-peer cryptocurrency that was created as a joke in 2013. Its logo shows a smiling Shiba Inu dog that was once the face of several memes.

The DOGE coin ranks 10th on CoinMarketCap with a market valuation of $18,365,686,088 (roughly Rs. 1,37,475 crore). Currently, over 4.8 million wallet addresses hold the DOGE token.

Multi-billionaire tech mogul Elon Musk is an avid supporter of Dogecoin. He recently announced DOGE as a payment option for select merchandise of his high-end electric vehicle company Tesla.

Bitcoin is not a good substitute for transactional currency. Even though it was created as a silly joke, Dogecoin is better suited for transactions. The total transaction flow that you do with Dogecoin, like transactions per day, is much higher potential than Bitcoin,” Musk recently said.

The altcoin is also on track for getting listed as a payment option by American movie halls chain AMC Theatres.

As of now, DOGE has a circulating supply of 132,670,764,300 coins with maximum supply number not decided as yet.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges


For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at More
Robness: Meet the NFT Artist Who Sold a Trashcan Image for $252,000
MIUI 13 With Core System Improvements Launched in India; Rollout for Xiaomi, Redmi Phones Starting Q1 2022
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News


Follow Us
© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »