According to U.Today, Billy Markus, the enigmatic creator of Dogecoin, also known by the pseudonym Shibetoshi Nakamoto, has once again clarified his lack of involvement in the current direction of the popular meme cryptocurrency. Amidst rampant speculation on social media about a significant impending announcement for DOGE, Markus quickly quashed any expectations, confirming his disengagement from the project for the past decade.
Markus, along with Jackson Palmer, is credited with the creation of Dogecoin as a fun alternative to more serious digital currencies like Bitcoin. However, after establishing the foundation for the meme-inspired coin, he gradually withdrew, leaving the project's control to the community.
In the meantime, Dogecoin's price has seen a significant increase, adding to the speculative buzz around the cryptocurrency. In an unexpected development, DOGE's value rose by 4.5% in the past few days, hitting a high of $0.16832. This increase represents a remarkable 30% rise since last Thursday, propelling Dogecoin from its recent low of $0.124.
The reasons behind Dogecoin's price surge are currently being examined, with theories ranging from Tesla's rumored integration of Dogecoin as a payment option to the possibility of its use within Elon Musk's ventures. As Dogecoin continues to draw the attention of investors and enthusiasts globally, the anticipation of significant announcements adds to the intrigue surrounding this popular meme cryptocurrency.