+ 3.21
+ 0.93%
+ 0.69
+ 0.2%
+ 2.27
+ 0.54%
+ 0.35
+ 0.24%

Dogecoin An Entryway To Get More People Into Cryptocurrencies, Says Co-Creator. 'What They Do After That Is Up To Them'

May 18, 2021 4:12 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Dogecoin An Entryway To Get More People Into Cryptocurrencies, Says Co-Creator. 'What They Do After That Is Up To Them'

Dogecoin (DOGE) co-creator Billy Markus said Monday that the meme cryptocurrency, far from being a threat to the cryptocurrency space, was a gateway to it.

What Happened: Markus made his comments on Twitter where he extolled the virtues of his creation.

Markus concurred with a Twitter user that Doge was “very inviting as a crypto.” He said his stance was to “disarm the black and white arguments that Doge is bad for the space. It’s very not.”

DOGE traded 6.56% higher at $0.495 at press time on a 24-hour basis. The apex cryptocurrency — Bitcoin (BTC) — traded 5.78% higher at $45,279.16 in the same time frame.

See also: How to Buy Dogecoin (DOGE)

Why It Matters: The cryptocurrency community exchanged tirades on Sunday with Tesla Inc (NASDAQ:TSLA) CEO Elon Musk after a series of tweets from the latter that were critical of Bitcoin.

See Also: Portnoy On Dogecoin Surge Says Elon Musk Is The 'Best Market Manipulator In History Of Earth'

The acrimony between Musk and supporters of BTC has been building ever since Tesla announced it would stop accepting BTC for payments. 

Musk’s response to a tweet fueled speculation that the automaker might dump its remaining BTC holdings which he later addressed in the early hours of Monday.

Musk during the tweet war at one point said that obnoxious threads made him “want to go all in on Doge.”

Markus voiced his desire for peace on Monday and said that there should be no “war” between BTC and DOGE.

Read Next: Elon Musk's Mood Swings Split Bitcoin Market Into Paper Hands And Diamond Hands, Shows On-Chain Data

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Related Articles

If You Invested $1,000 In Dogecoin When Elon Musk Made His SNL Appearance, Here's How Much You Would Have Now

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk made an appearance on “Saturday Night Live” on May 8 in an episode that was expected to feature Dogecoin (CRYPTO: DOGE) heavily. read more

Diamond Hands? Famed Dogecoin Investor Says Not Selling Despite Losing Millionaire Status

Famed Dogecoin (CRYPTO: DOGE) investor Glauber Contessoto has refused to sell his holdings in the meme cryptocurrency despite losing his millionaire status following the selloff in the cryptocurrency market earlier in the week. read more

Has Bitcoin Found The Bottom At $29,000?

Bitcoin (CRYPTO: BTC) traded above the $33,000 level on Tuesday night after touching a low of $28,893.62 on an intraday basis. read more

Tostitos Goes After Dogecoin And Crypto Crowd With New 'Don't Buy The Dip' Promotion

Several companies have launched marketing campaigns aimed at the cryptocurrency crowd. A new campaign timed with the dip in Dogecoin could help boost brand awareness for a company. read more