Dogecoin Creator Says Crypto Price is 99.9% Driven By Greater Fools
The Co-Founder of Dogecoin, Billy Markus, said crypto prices are mainly driven by fools selling to even greater fools. “I agree with the greater fool theory driving most of crypto prices, but I’m honestly wondering what percent you think any crypto is purchased from utility vs greater fool theory From my viewpoint it’s about 99.99% […]
Related News
Dogecoin lovers have a habit of criticising bitcoiners for being too serious, even elitist. Since this criticism comes from a group of people who modelled a cryptocurrency around an internet meme, it is not all that easy to dispute. Bitcoin enthusiasts do tend to be a much more serious crowd, for better or for worse. However, this does not mean that they can't let their hair down once a year. After all, dogecoin lovers do it every single day. There was no shortage of elaborate and downright silly April Fools' Day stories today, so we decided to compile a small roundup - we're here to....
Over the past several months, the Dogecoin price has experienced a consistent decline. However, over the past two weeks the Dogecoin price has rebounded considerably. Should investors be bullish on Dogecoin? CCN examines the recent Dogecoin price increase. Dogecoin Price Increases 18% in 24 hours. September 4 was a refreshing day for altcoin investors, as a number of altcoins saw significant price increases. One standout was Dogecoin, who experienced a greater-than-18% 24-hour price increase from September 3-4. After resting at 27 satoshis on September 2, the Dogecoin price began to move....
Last week, Dogecoin exploded with an 800% intraday move. On-chain data looking closely at daily active addresses, however, suggests that the pump and dump was almost entirely driven by Robinhood buyers. Here’s what this means for both sides of the coin. Dogecoin Reignites Retail Interest in Crypto After 800% Rally Dogecoin’s recent rally lived up […]
September was a very bullish month for Dogecoin, as several positive announcements restored investor faith in the coin and increased the Dogecoin price. Dogecoin even reclaimed a top-five market cap ranking. However, during the month of October the Dogecoin price has declined considerably. Perhaps the rocket ship to the moon has run out of fuel. Also Read: Dogecoin Creator Responds to Moolah Bankruptcy with Additional Concerns. Dogecoin Price Rocket-Ship Runs Out of Fuel. It takes a lot of fuel to send a rocket-ship to the moon-especially when the ship has more than 87,000 passengers....
Inevitable goofy Dogecoin meme. Full disclosure: I don't own any Dogecoin and probably never will. I only mine or buy technically innovative and functionally differentiated cryptocurrency. Dogecoin, the alt based on a meme, is the bratty toddler of the crypto world. It runs around the room tugging on ladies skirts and biting men's ankles, endlessly repeating its childish nonsense. Initially charming, Dogecoiners fast become irritating to the point that DOGE price crashes are met with a certain schadenfreude. Yet despite its hyped-up, saccharine shenanigans, Doge has lessons to teach the....