Billy Markus, the outspoken programmer who created Dogecoin (DOGE) as a joke back in 2013, doesn’t have much love for rival memecoin Shiba Inu (SHIB). The memecoin project is respected for its longevity and has a huge fan base, even among popular American celebrities like Snoop Dogg, Ice Cube, Gene Simmons, Mark Cuban and, of course, the new Twitter boss Elon Musk.
Hence, Billy Markus believes that Elon Musk’s attempt at ‘making Twitter entertaining again’ is genuine and the move can open doors for a faster crypto adoption. He also thinks it can sort out the security issues on the micro-blogging platform that had been neglected by the previous administration.
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obviously there’s a lot of criticism that is valid - everyone can be criticized for an infinite amount of things but if you actually want to help make things better, it helps to understand someone better rather than make assumptions and projections off of yourself pic.twitter.com/bhiXZpAyN5— Shibetoshi Nakamoto (@BillyM2k) November 10, 2022
FTX Arena In Miami, Florida, is Hankering for a Name Change
It’s a well-known fact that the embattled FTX crypto exchange bought the name rights to the homeground of the Miami Heat. The NBA team now plays in the FTX Arena, but since the second largest crypto exchange around the globe is getting shredded to pieces, crypto enthusiasts on Twitter are giving Binance’s CZ suggestions on what to rename the venue.
Billy Markus unsurprisingly suggested the new name should be “DOGE Arena.” But when another crypto enthusiast, who goes by the handle “The Chairman”, remarked that Binance’s boss would most likely rename it “Shiba Inu Arena”, Mr. Shibetoshi Nakamoto was appalled. “That would suck so hard”, Billy uttered.
that would suck so hard— Shibetoshi Nakamoto (@BillyM2k) November 8, 2022
Dogecoin’s (DOGE) Post-Twitter Deal Gains Are Fading Away
Unfortunately for the DOGE Army, the top dog coin has shrunk by 28.2% in the last seven days. Right after Elon Musk finalized the $44bn Twitter deal, the canine crypto shot up to as much as $0.142 on November 2nd, 2022.
However, the recent turbulence caused by the FTX fiasco stripped DOGE of this achievement, and it is now back under the crucial resistance line of $0.10. At press time, the 9th ranked cryptocurrency is priced at $0.092353, according to CoinGecko.
Despite getting thrown around by the heartless crypto bears, DOGE still has a reserve of 54.2% in the green due to Elon Musk’s Twitter acquisition and the promise of an integrated crypto wallet.
On the Flipside
- Binance’s CZ backed out of the FTX deal as the books are ‘beyond repair’ according to Binance’s specialists.
- Elon Musk halted the crypto wallet idea temporarily due to lack of staff.
- The new Chief Twit has laid off more than 50% of the company’s former staff.
Why You Should Care
DOGE’s total market cap doubled since Elon Musk ‘freed the bird.’ The increased social mentions of both SHIB and DOGE could spark another bull run for the altcoins.
Find out what trees DOGE has been barking up:
Elon Musk Claims Twitter Usage At Record Levels As Dogecoin (DOGE) Plunges 11.1%
Revolut Launches Crypto Card with Cashback in Dogecoin (DOGE)