Billy Markus Questions If Ethereum (ETH) Can Hit a New All-Time Peak Before 2025

Billy Markus is one of the veteran developers who invented Dogecoin (DOGE) as a joke on December 6, 2013.

Dogecoin (DOGE) enjoyed a 20% rally last week, leaving many crypto enthusiasts wondering what triggered this bullish performance. However, DOGE’s founder, Billy Markus, known as Shibetoshi серед нами, had a sarcastic response to these queries.

On Monday, Markus took to X, asking his followers a question about the possibility of leading Proof of Stake (PoS) chain Ethereum (ETH) hitting a new all-time peak before 2025.

“ETH is up 8% this month… y’all think it’ll moon before the end of the year? Most people think no apparently,” read a message on X, accompanied by a screenshot.

The message also showed that most crypto enthusiasts are skeptical about this bullish scenario. Only 9% of voters placed bets on this outcome on Kalshi prediction markets, indicating that the ETH price is still 46.6% below this milestone, which was hit at $4,878.26 on November 10, 2021.

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Highlighting some sensitive levels to watch for ETH, one crypto aficionado, known as BEBE, quipped, “It depends on how many girlfriends @VitalikButerin has dated.”

Meanwhile, another trader pointed out that Ethereum has already been above the $4,000 mark this year, specifically on March 12, 2024.

“It would also need a correlation boost from BTC above 74k, and the sluggish action on the ETH ETF is keeping Ether at these levels of support at $2,600.”

Moreover, the crypto bulls haven’t been able to push ETH past the critical resistance level of $2,700 in three days. If it manages to close the day above this level, it could validate the bullish thesis. Despite a slight 1% market correction on Monday, the traders are optimistic.

The Crypto Fear & Greed Index (RSI) is also at 61, gradually growing in greed after the favorable Federal Reserve interest rate cut announcement.

Dogecoin Bags 20% On FED Rate Relief

Dogecoin’s founder and programming wunderkind Billy Markus also touched upon Dogecoin’s recent performance. His creation briefly tackled $0.13 on Saturday, forming a double monthly top before retracing one cent. The current price of $0.1202 puts 73% of DOGE holders at a profit, continuing to perform in high correlation with Bitcoin after the Federal Reserve cut interest rates by half percent.

“Q&A Q: why is dogecoin up 20% this week? A: no idea”

The founder of Dogecoin made a few sarcastic remarks about its recent bullish performance, as crypto enthusiasts keep asking him for price performance insights. “Q: why is dogecoin up 20% this week? A: no idea,” Billy concludes, implying that the meme coin market is too unpredictable to make quick assumptions.

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Why This Matters

Prominent figures in the crypto sphere asking for the public’s opinion offer insight into the social sentiment surrounding crypto. This adds to the debate about whether the recent rally is sustainable enough not to lose steam.

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