- Bitcoin nears $98,000, showcasing significant growth compared to slower gains in altcoins like Ethereum and Dogecoin.
- Dogecoin co-creator Billy Markus emphasizes the performance gap between Bitcoin and other cryptocurrencies in a viral meme.
- Markus provides no clear investment advice for Dogecoin, maintaining his skeptical stance on crypto trading.
Billy Markus, co-creator of Dogecoin and known by the pseudonym Shibetoshi Nakamoto, took to X to comment on the stark difference in market performance between Bitcoin and altcoins. With Bitcoin approaching the $98,000 mark, Markus highlighted its extraordinary growth compared to the relatively modest movement of other cryptocurrencies.
Bitcoin’s Ascent and Altcoin Struggles
Bitcoin has added more than 4% in the last 24 hours, reaching a record high of $97,862. The cryptocurrency has surged nearly 19% since November 11, starting from $81,880 and quickly advancing toward the anticipated $100,000 milestone.
Ethereum, the second-largest cryptocurrency, has risen 2.85% to $3,140 after experiencing a decline earlier this month. Meanwhile, Dogecoin has traded steadily near $0.38, and XRP has made a notable recovery, gaining 95% since November 11 to cross the $1 mark.
Markus shared a meme comparing Bitcoin’s performance to altcoins, using Shiba Inu dogs to illustrate the growing gap. Bitcoin, depicted as a strong and muscular dog, contrasts with “everything else” represented by an average-looking canine.
Source: Billy Markus
Markus’s Take on Dogecoin Investment
Responding to a follower who asked whether to sell or hold Dogecoin, Markus replied with an animated GIF reading “No Idea.” Known for his cautious views on cryptocurrency trading, Markus has previously stated that he holds minimal amounts of both Bitcoin and Dogecoin.
As Bitcoin leads the charge with significant momentum, the disparity in market performance underscores the challenges facing altcoins in keeping pace with the flagship cryptocurrency.
