Billy Markus, known as Shibetoshi Nakamoto, took to X (formerly Twitter) to share his excitement over Dogecoin’s impressive price surge. On Friday, the meme coin closed with a notable 12.30% gain, marking its highest daily increase since November 11, when it saw a remarkable 27% price jump. Dogecoin ended the week on a strong note, finishing at $0.3825 after a 21.5% increase, signaling growing bullish sentiment around the asset.
yaaasss queeen pic.twitter.com/kRI7gZgN7K
— Shibetoshi Nakamoto (@BillyM2k) January 3, 2025
In a related tweet, Markus addressed Dogecoin’s potential as a tipping currency, an idea he had not originally envisioned when creating the coin. He acknowledged that, while Dogecoin was not designed with tipping in mind, it’s “cool” to see it used as a way for users to share small amounts of value on platforms like X. Tipping has become a popular way for users to reward content creators and others for positive gestures, showcasing the versatility of Dogecoin beyond its meme origins.
The topic arose after a community member asked Markus whether Dogecoin’s original purpose was to serve as a tipping currency. Markus’ response was positive, emphasizing the community’s creative use of the coin.
On top of celebrating Dogecoin’s recent success, Markus also expressed an ambitious outlook for the future. In another tweet, he suggested that a 500% price surge could see Dogecoin hit $2.30, allowing him to purchase a house. Such a price increase would push Dogecoin’s market cap to around $340 billion, narrowing the gap to Ethereum’s current valuation.
if doge goes up another 500% i can buy a house
— Shibetoshi Nakamoto (@BillyM2k) January 5, 2025
Analysts are starting to take Markus’ goal seriously, with some believing that Dogecoin could reach the $2.28 mark if it achieves a 1.618 Fibonacci retracement level, similar to its price movement in 2021.
Also Read: Dogecoin Rockets 18% as Whale Transactions Surge 400% – Is $1 Within Reach?
As of now, Dogecoin remains the largest meme coin by market capitalization, trading at $0.3848, a modest 1% increase in the past 24 hours. The growing enthusiasm around Dogecoin continues to fuel optimism for its future potential.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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