Dogecoin Founder Weighs in on Ethereum’s Growth Potential

Dogecoin co-founder has triggered a community conversation on the prospects of Ethereum retesting its ATH very soon

Dogecoin co-founder Billy Markus, known on X as Shibetoshi Nakamoto, has commented on the recent Ethereum (ETH) price prediction circulating in the crypto community. Markus, who pioneered the memecoin trend, is valued for his opinion.

The Dogecoin Founder Stance on ETH 

Per a prediction of Ethereum hitting a new all-time high, Markus gave a playful and candid response. He reposted a screenshot on X highlighting Ethereum’s 8% rise in September, a month historically challenging for most cryptocurrencies.

Markus asked his followers if they believed Ethereum (ETH) would experience a significant price increase before the end of the year. However, the crypto community’s general sentiment seems skeptical as many doubt the possibility of the digital asset surging soon. 

ethereum is up 8% this month… y’all think it’ll moon before the end of the year?

most people think no apparently 🤣 pic.twitter.com/cXl3BSWGNX

— Shibetoshi Nakamoto (@BillyM2k) September 27, 2024

The Dogecoin founder even mentioned the recent report of Solana trumping Ethereum. According to VanEck, the altcoin is projected to amass 50% of Ethereum’s market capitalization in the long term. He balanced humor with insight in his reaction, offering his quirky take on where Ethereum is headed.

According to CoinMarketCap data, Ethereum is exchanging hands at $2,676.25 at the time of writing, up 0.57% in the last 24 hours. 

Ethereum In Comparison With Dogecoin

In a recent X post, Billy Markus mentioned how Dogecoin, despite its origins, has managed to ride the waves of market hype. 

He emphasized the unpredictable nature of crypto predictions and even poked fun at experts while underscoring the decentralized, community-driven ethos that coins like Dogecoin and Ethereum share.

He said Ethereum is undoubtedly dominating discussions around Decentralized Finance (DeFi) and blockchain innovation. In early September, the protocol even broke a major stalemate as its on-chain data showed a surge in activity. 

Nevertheless, Markus took the opportunity to remind everyone of crypto’s fun side, referencing Dogecoin’s roots as a memecoin. He noted the token’s recent wins and its unexpected journey to becoming a serious contender in the market.

Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making decision.