Dogecoin founder comments that DOGE is struggling to break above the $0.15 level after the coin’s recent rise
IT engineer Billy Markus, who cofounded the original meme cryptocurrency Dogecoin in 2013, has taken to Twitter to comment on the recent price rise of DOGE (+ 6.30 percent over the past 24 hours, according to CoinMarketCap).
At the time of writing, the top canine crypto is changing hands at $0.1493 with just a small step up from the recovery of the $0.15 level. Earlier today, the coin managed to take $0.15, but then fell back below it, as can be seen in the screenshot.
Markus also tweeted that he is ready for Dogecoin to make a trend reversal and begin rising again.
On May 21 last year, Dogecoin hit an all-time high of $0.7376, but didn’t stay long and failed to advance higher.
The DOGE cofounder also commented on that, saying that the flirt with $0.73 was pretty short-lived.
Since hitting the ATH, Dogecoin has been trending down, recovering to some smaller highs, but then crossing back below them. One of these most recent highs was reached on October 20, when DOGE hit $0.3. Since then, he hasn’t even been able to get close enough to test this level.
At the end of 2021, the meme coin achieved a milestone that Bitcoin has failed to hold – Tesla started accepting it for some of its merchandize. In early 2021, the e-car making giant also began to accept Bitcoin for automobiles but then quickly reversed for environmental issues associated with Proof-of-Work mining algorithm.
