Billy Markus, the co-creator of Dogecoin, recently shared his thoughts on cryptocurrency investments and revealed his favorite coins. He humorously described Dogecoin as “just bitcoin in a dog suit,” showcasing his playful attitude towards the meme coin he helped create. However, Markus expressed his preference for major cryptocurrencies like Bitcoin and Ethereum. He also mentioned his aversion to ERC-20 tokens, the popular standard for creating tokens on the Ethereum blockchain.
In response to a follower’s witty comment about burning money, Markus suggested a website that shows a fire relative to one’s crypto wallet, adding to the lighthearted conversation.
The broader cryptocurrency market has experienced significant losses in recent days, potentially due to the Federal Reserve signaling a potential interest rate hike. Ripple, Solana, Dogecoin, and Shiba Inu, among others, have seen double-digit declines ranging from 18% to 23% over the past week.
The remarks from Dogecoin’s co-creator and the market’s downturn reflect the volatile nature of cryptocurrencies and the influence of external factors on their value.