The creator of Dogecoin, Billy Markus, seems so-excited after the arrest of SBF. The founder of FTX, Sam Bankman Fried, was arrested in the Bahamas on Dec. 12 as the U.S. government filed criminal charges against him. Over the following Markus made an ironic response.
Over the Dogecoin supply, its creator Markus said Dogecoin is inflationary. Around 5 Billion Dogecoins are added to supply every year as miner’s rewards.
The Ironic Tweets of Dogecoin Creator
Markus penned “Such a good day, Christmas Came early.” He is following the recent update of SBF’s arrest while the authority of Bahamas said the U.S. is about to request SBF’s extradition.
It must be noted that SBF has been charged with wire fraud, wire fraud conspiracy, Securities fraud, Securities fraud conspiracy, and money laundering, according to NYT. Over which, the Dogecoin creator once again added “also for being a bronze league.”
The biggest supporter of Dogecoin and Tesla CEO, Elon Musk also joined the thread and noted SBF’s “biggest crime of all.”
The Cardano blockchain founder, Charles Hoskinson, recently appeared in a YouTube AMA session. He shared his vision that states the leading altcoin and memecoin could become the side chains of ADA.
He told the crypto community that the Cardano network has been working to push the idea of a sidechain for six years.
Dogecoin Price Analysis
The first meme coin is currently trading at the price of $0.09 USD with the trading volume of $646 Million. Dogecoin is up 1.09% in the last 24 hours with the market cap of approximately $12.09 Billion, as per the CoinMarketCap.
In the 7-days price action, Dogecoin noted the decrease of around 5.20%. Meanwhile its price prediction states that it could hit $0.36 in 2023.The price history of this meme coin states that it is 87.67% down from its all time high which was in May 2021. Its 52-week low is $0.049, and high $0.219. While the ROI of Dogecoin is ~16173%.
However, Dogecoin price analysis indicates that the price is declining as the bears are attempting a comeback and have also contributed to a modest drop in pricing. Moreover the coin volatility has decreased sufficiently, which indicates that price recovery might not be possible in the near future.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2022/12/14/dogecoin-creator-being-sarcastic-after-the-arrest-of-sbf/