Dogecoin Creator Billy Markus aka Shibetoshi Nakamoto Calls Ethereum Retarded, Analyst Ali Martinez Predicts ETH Will Outperform Bitcoin

Billy Markus, known on the X platform as Shibetoshi Nakamoto, who created Dogecoin together with Jackson Palmer in 2013, has published a post to

Billy Markus, who is known on the X platform as Shibetoshi Nakamoto and created Dogecoin together with Jackson Palmer in 2013, has commented on the slightly negative ETH price performance compared to that of Bitcoin and DOGE in a recent post.

Shibetoshi Nakamoto shared charts that show Bitcoin and Dogecoin riding a green wave, while Ethereum is sinking into the red zone.

"Ethereum retarded": Dogecoin creatorpushes up against resistance

Since the weekend, the second largest cryptocurrency has been trading in a range, striving to break above the $3,215 resistance zone and hold there. ETH managed to surpass this strong resistance twice – on Saturday and then again on Monday, when it succeeded in reaching $3,215 and $3,225 respectively. Between Friday and Monday, Ethereum showed a 6.8% surge.

However, since then, ETH has dropped twice to the $3,080 area and is currently changing hands at $3,127 per coin.

is ethereum retarded or something pic.twitter.com/s3RWizZpVL

Unlike Ethereum, the flagship cryptocurrency has been showing a clear rising trend over the same recent period. It features highs and lows but overall rose by 7.13% by Tuesday and hit $93,975. By now, the pioneer crypto has rolled back a little and is trading at $93,308.

As for Dogecoin, between Sunday and Tuesday, the iconic meme cryptocurrency showed an increase of nearly 21%, soaring from $0.34 to the $0.42 local high. The pullback printed by DOGE by now constitutes 6.59% and the meme coin is trading at $0.39243.

Looking at Ethereum’s weaker price performance compared to Bitcoin and Dogecoin, Markus criticized Vitalik Buterin's brainchild, saying, “Is Ethereum retarded or something?”

Ethereum about to outpace Bitcoin: analystpushes up against resistance

Crypto analyst Ali Martinez has shared an X thread that suggests that Ethereum is about to outpace Bitcoin and飆 to a minimum of $4,000 and then possibly $6,000. According to Martinez, ETH outperforms BTC in every market cycle, but it has not happened in the current one yet.

The analyst highlighted that whales have purchased more than $1.4 billion in Ethereum in the past few weeks in preparation for that potential surge.

So, where is #Ethereum going next? Well, the formation of an ascending parallel channel suggests $ETH will test the middle and upper boundary, sitting at $4,000 and $6,000, respectively.https://t.co/mkpxAeXtXq

According to Martinez, Ethereum is currently forming an ascending parallel channel, which suggests that ETH will test the middle and then the upper boundary of it, which are at $4,000 and $6,000.