Dogecoin Co-Founder Billy Markus Expresses Enthusiasm About the Recent Rally in the Cryptocurrency Market

Known on social media as Shibetoshi Nakamoto, Markus is recognised for his witty and playful commentary on market trends.

2nd January (Oregon) : One of the co-founders of Dogecoin, Billy Markus, took to Twitter on Monday to express his excitement over the recent rally in the cryptocurrency market, stating, “crypto is ripping.” Known on social media as Shibetoshi Nakamoto, Markus is recognized for his witty and playful commentary on market trends. His remarks come after a week marked by a notable correction in crypto prices.

As the market rebounds, Bitcoin surged by 3.8% in the past 24 hours, climbing from $93,000 to $96,777, although it has slightly pulled back to $96,653. Meanwhile, Ethereum experienced a strong uptick, rising 4.81% from approximately $3,318 to $3,477 before settling at around $3,468. On the other hand, Dogecoin saw an impressive jump of nearly 10%, moving from $0.31 to $0.34, though it currently trades at $0.33.

In other related news, AI-themed meme cryptocurrencies gained significant traction, soaring over 26% and reaching a market capitalization of over $10 billion within a single day. The standout among these is ai16z, launched in October 2024, which is currently trading at $2 per coin, surpassing other popular meme coins like DOGE and SHIB.

Throughout the past week, crypto prices experienced a downturn, prompting Markus to comment humorously on the matter. As the market recovered on Monday, Bitcoin rose 3.8%, moving from $93,000 to $96,777, while Ethereum climbed 4.81% from around $3,318 to $3,477. Dogecoin, after surging nearly 10% from $0.31 to $0.34, currently trades at $0.33.

Among other notable developments, AI-themed meme cryptocurrencies rallied remarkably, gaining over 26% and reaching a market capitalization of over $10 billion in just one day. Of particular note is ai16z, launched in October 2024, which stood out among other meme coins like DOGE and SHIB, trading at $2 per coin.