Dogecoin (DOGE) co-creator Billy Markus credited WallStreetBets and “Roaring Kitty,” a noted investor on the Reddit forum, for the recent exuberance surrounding the meme cryptocurrency.
What Happened: Markus made his comments in response to a tweet from Greg, a popular memester. The Dogecoin co-creator noted the movement in GameStop Corp (NYSE:GME) as a catalyst for the exuberance surrounding DOGE.
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all the GME stuff was the catalyst for all the recent DOGE stuff as well, so, history will be written with this dude and his cat memes
— Shibetoshi Nakamoto (@BillyM2k) June 8, 2021
DOGE traded 2.31% lower at $0.32 in a 24-hour period leading up to press time. The Shiba Inu-themed coin has fallen 3.7% and 1.19% against Bitcoin (BTC) and Ethereum (ETH).
See Also: How to Buy Dogecoin (DOGE)
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On a 24-hour basis, BTC rose 1.57% at $33,074.26 and ETH fell 0.25% to $2,460.71 as of press time.
In Tuesday’s regular session, GameStop shares closed 7.14% higher at $300 and rose another 1.05% to $303.15 in after-hours trading.
Why It Matters: Greg, who was jokingly appointed the CEO of Dogecoin last week wished Roaring Kitty a Happy Birthday and said he was “happy GameStop finished back above $300.”
See Also: Dogecoin Co-Creator Says 99.9% Of Crypto Market Is Driven By 'Greater Fool Theory'
Markus told Benzinga in March that what sets Dogecoin apart from “thousands of failed coins” is the fact that it is a meme.
DOGE has risen a spectacular 6,543.11% since the year began touching an all-time high of $0.73 on May 8.
Dogecoin’s rise led to the emergence of several Dog-themed coins and even an “internet conquering” Cat-themed cryptocurrency called Catge Coin (CATGE).
Read Next: As Crypto Market Plunges, Bitcoin, Dogecoin Bulls Preach 'Keep Calm And Hodl'