Shibetoshi Nakamoto Reacts as Dogecoin Regains Bullish Momentum

Dogecoin regained bullish momentum over the weekend, sparking reactions from founder Shibetoshi Nakamoto and other notable enthusiasts.

Billy Markus, aka Shibetoshi Nakamoto, took to X (formerly Twitter) to laud Dogecoin’s price upsurge. “Yaaasss queen,” the software engineer tweeted on Friday.

yaaasss queeen pic.twitter.com/kRI7gZgN7K

— Shibetoshi Nakamoto (@BillyM2k) January 3, 2025

For context, Dogecoin closed the day with a hefty 12.30% appreciation, its highest daily gain since the 27% price upswing on November 11. In addition, the doggy-themed meme coin finished the week with an impressive 21.5% northward push, closing at $0.3825.

Founder Discusses Dogecoin Tipping

Interestingly, Shibetoshi Nakamoto discussed using Dogecoin as a tipping currency on platforms like X. The founder stated that although he did not create the meme coin for the purpose, “it is cool” to use it in that regard.

For context, tipping is a peer-to-peer means where users can share a small amount of value. The macro payment system could be from the community to creators or among themselves, but for the sole aim of rewarding good gestures.

Meanwhile, Markus’ response followed an inquiry from a community member. The user queried whether Dogecoin’s purpose during its creation was to serve as a tipping currency on platforms.

Markus Calls for 500% Upsurge

In a parallel tweet, the founder was seen calling for further upsides for the dog-themed meme coin. Shibetoshi Nakamoto stated that he could buy a house if Dogecoin surged another 500%.

Notably, a 500% upswing from the current market price would see Dogecoin trade at around $2.3000. The price upswing will push its market cap past $340 billion, about $100 billion shy of Ethereum’s current valuation.

Meanwhile, analysis supports the feasibility of this ambitious price target. According to Javon Marks, Dogecoin could attain the $2.2800 mark if it surges to its 1.618 Fibonacci level, as it did in 2021.

In the meantime, the largest meme coin by market cap trades at $0.3848, up barely 1% in the past 24 hours.