Dogecoin Co-founder "DOGE is going to $20 trillion"... Survives "death theories" and signals another revival

▲ Dogecoin (DOGE)/ChatGPT generated image

Dogecoin (Dogecoin, DOGE) co-founder has once again attracted market attention with his mention of $20 trillion. While the meme coin, which started as a joke, has survived multiple bear markets and death pronouncements to remain a top cryptocurrency, its unique exaggerated remarks have once again boosted the Dogecoin community's buzz.

U.Today reported on May 21 (local time) that Dogecoin co-founder Billy Markus, who operates under the name Shibetoshi Nakamoto on X (formerly Twitter), said, “Dogecoin going to $20 trillion won't be boring.”

This conversation began with Markus's post stating, “This month was boring.” When an X user responded, “We need a $20 trillion Dogecoin,” Markus replied, “Dogecoin going to $20 trillion won't be boring.”

U.Today explained that given Markus is known for his sense of humor, the statement is difficult to take as a serious price prediction. For Dogecoin to reach a $20 trillion valuation, it would need to surpass most listed companies and major global asset classes. At the time of writing, Dogecoin was trading at $0.10, with a market capitalization of $17.82 billion. $20 trillion would require a price or market cap increase of hundreds of thousands to millions of percent.

Dogecoin is a cryptocurrency created as a joke by Billy Markus and Jackson Palmer in late 2013. The two believed that the cryptocurrency market at the time was too serious and lacked fun. Palmer created the Dogecoin website, and Markus participated as the sole developer for the first four releases.

Approximately 11 years after its launch, Dogecoin currently sits among the top 10 cryptocurrencies with a market capitalization of $17.82 billion. It is regarded as a representative meme coin that has survived multiple bear markets and repeated “death theories.” The Dogecoin team stated, “Doge has survived more 'it's over' posts than blockchain transactions.”

Efforts to expand Dogecoin's payment utility are also ongoing. The Such app, which helps merchants accept Dogecoin as a payment method, is set to launch its beta on May 25. The beta version will test its self-custodial wallet, contacts and transfers, simple invoicing, point-of-sale payment tools, and real-time transaction tracking features.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*