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Cryptocurrency News Articles
Dogecoin Co-Founder Billy Markus Reacts to a Take on Ethereum Price
Sep 29, 2024 at 03:00 am
As one of the most prominent figures in the meme coin space, Markus often engages with the broader crypto community, offering his witty takes
Dogecoin co-founder Billy Markus, known as Shibetoshi Nakamoto on X, has shared his thoughts on the possibility of Ethereum hitting an all-time high this year.
Markus, who is a prominent figure in the meme coin space, often engages with the broader crypto community, offering his witty takes on general issues as well as market trends. His latest tweet taps into the ongoing discussion about whether Ethereum can sustain its upward momentum or if the current rally will lose steam. A screenshot shared by Markus poses the question of when Ethereum will hit an all-time high.
The Dogecoin co-founder highlighted that ETH is up 8% in September, a month that is usually bearish for cryptocurrencies.
"Y’all think it’ll moon before the end of the year?" the Dogecoin founder asked his followers about the ETH price, to which he answered, "Most people think no apparently," suggesting skepticism in the crypto community on whether Ethereum (ETH) might experience a major rally, or "moon" before the end of the year.
As one might expect from the Dogecoin founder, his comments are often lighthearted, considering that Dogecoin itself was created as a joke. Markus' comment might be intended as humor, especially given the laughter emoji at the end of his tweet.
Bitcoin, the first and largest cryptocurrency by market cap, is on track for one of its best September increases as a global wave of interest-rate cuts, led by the U.S. Federal Reserve, aids the largest digital asset in overcoming a seasonal jinx.
In September, the Federal Reserve, the European Central Bank and the People's Bank of China all slashed borrowing costs to stimulate economic development. Investors reacted to more relaxed monetary circumstances by bidding up everything from stocks and gold to cryptocurrencies while anticipating more stimulus.
At the time of writing, ETH was up 0.97% in the last 24 hours to $2,674 and up 5% on the week.
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