Doge Founder Says No One Knows Why Dogecoin Is Beating The Market?, Outperforming BTC, ETH, and SOL

Dogecoin Co-Creator Billy Marcus Can’t Explain Why DOGE Outperformed Bitcoin, Ethereum, and Solana In the Past 24 Hours.

Billy Marcus is inquisitive about why Dogecoin traded higher than other cryptocurrencies.

The world’s largest meme-based cryptocurrency, Dogecoin (DOGE), had an outstanding performance yesterday amid the slight turbulence that has rocked the crypto market in the last 24 hours.

DOGE Outperforms Other Top 10 Cryptos

The cryptocurrency boasted a nearly 10% gain in the last 24 hours, which saw it move from a low of $0.0645 to $0.071 within the timeframe.

Although the value of Dogecoin has dipped to $0.067 at the time of writing, it is currently up trading at a 2.5% gain compared to other popular cryptocurrencies in the top 10 global crypto rankings.

Crypto assets such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and Ripple (XRP) are all down 0.8%, 3.8%, 1.5%, 2.3%, and 2.6%, respectively. Solana (SOL) has recorded the most losses, trading at a loss of 7.6% in the last 24 hours.

Earlier this week, Dogecoin recorded a surge of nearly 120% in the volume of large transactions made in a day.

Marcus Surprised at DOGE’s Outstanding Performance

Following the outstanding performance of Dogecoin over other crypto assets in the top 10 rankings, Billy Marcus, the co-creator of Dogecoin, was amazed by DOGE’s recent performance.

Marcus was prompted to ask his followers to give insights into why the memecoin is rallying ahead of other digital currencies.

“Hey look, dogecoin is up today and most other cryptos are down. Reason: who the f.ck knows,” Marcus, who goes by the pseudonym Shibetoshi Nakamoto, tweeted.

hey look dogecoin is up today and most other cryptos are down

reason: who the fuck knows

— Shibetoshi Nakamoto (@BillyM2k) June 29, 2022

The Motive Behind Marcus’ Tweet

Apparently, Marcus’ tweet was made as a sarcasm to some members of the Dogecoin community, who have always asked him to explain why the cryptocurrency is losing value.

yeah and i respond the same way

i have never encouraged anyone to purchase any crypto in my real life or on the internet ?

— Shibetoshi Nakamoto (@BillyM2k) June 29, 2022

The outspoken Dogecoin co-founder may be sending a message to the community that it is not every time one can explain what is causing the value of a cryptocurrency to rise and fall.

Meanwhile, despite DOGE’s outstanding performance over other digital currencies, the cryptocurrency is still far from its previous all-time high of $0.73.

At Dogecoin’s current price of $0.067, the cryptocurrency is down 90.9% from its previous all-time high recorded on May 8, 2022.

With current events happening in the market, it may take long before the meme coin will rally to its previous highs. Even Marcus said last week that Dogecoin investors may never see the cryptocurrency at $0.73.

– Advertisement –