Dogecoin creator Billy Markus went on social media to emphasize how far apart Bitcoin’s performance is from the rest of the crypto market. Markus, known online as Shibetoshi Nakamoto, shared some of his thoughts on X (formerly Twitter) as Bitcoin soared to $97,862, just shy of its much-anticipated $100,000 mark.
Markus used a Shiba Inu dog meme to compare Bitcoin with a muscled Kabosu and all altcoins with a slack Cheems Balltze. The meme succeeded in reflecting that BTC has been ruling over the rest of the crypto market.
Bitcoin Continues Its Dominance with Massive Gains
The previous 24 hours were impressive for Bitcoin, gaining 4% onto its heels of a 19% climb since November 11. It has now risen to as much as $97,461, a nearly 10% rise since the weekend before last.
Meanwhile, the second largest cryptocurrency Ethereum, which was reeling after a decline, was up 2.85 percent at $3,140. XRP went ballistic, rising 95% since November 11 and finally breaking above the $1 mark.
Dogecoin, however, has been flat, trading at just $0.38 for the past seven days. The reply from Markus, for a follower who tweeted asking whether to hold or sell Dogecoin, was an animated GIF saying: “No Idea.” It’s in line with his skepticism of cryptocurrency investments.
Dogecoin creator Markus made Dogecoin in 2013 as a joke, and Markus himself holds very little cryptocurrency, including just 0.006 BTC. In the face of Bitcoin and other cryptocurrencies continued to attract mainstream and institutional attention, altcoins is rebounding and they are trying to gain the momentum.
As BTC approaches $100,000, everyone points fingers at whether it will remain on top or whether other cryptocurrencies can take its place at the top of the pile with its unprecedented development.
