Dogecoin (DOGE) Co-founder Billy Markus Predicts Market-wide Crash, Says Only 3 Coins Will Remain Standing

| Updated
by Mayowa Adebajo · 2 min read
Dogecoin (DOGE) Co-founder Billy Markus Predicts Market-wide Crash, Says Only 3 Coins Will Remain Standing
Photo: Unsplash

Markus has also recently claimed that he does not invest in crypto anymore.

DOGE co-founder Billy Markus has taken to his Twitter page to share some of the wild beliefs he holds about all cryptocurrencies. According to him, he foresees a time when 99.9% of all cryptocurrencies will eventually plunge to zero, leaving only the major coins saved from the inevitable outcome.

99.9% of Cryptocurrencies Will Go Down – Billy Markus

Billy Markus, known for creating the original meme cryptocurrency, DOGE, alongside Jackson Palmer back in 2013 recently shared a strong opinion about the future of crypto. Markus had tweeted, albeit convincingly, that nearly a 100% of the 500 new coins being minted daily, “will definitely crash.” However, he also shared that leading cryptocurrencies like Bitcoin, Ethereum, and as one would expect, Dogecoin will be exempted.

Although, he bordered his reasoning around the fact that the leading cryptocurrencies usually never go down more than 90%.

Meanwhile, Markus also recently claimed that he does not invest in crypto anymore. In fact, according to his explanation, the decision to stop investing is not a recent one. Markus claims he had mostly stopped investing in digital currencies since 2013.

Additionally, he cited reasons that informed his decision to stop investing any further. He said, it took a lot to understand the intricacies of crypto but sadly, a lot of investors practically just gamble with their investments.

For what it’s worth, Markus has always insisted severally, that he has not been doing anything regarding the development of Dogecoin. He has also maintained that he has no plans whatsoever about doing so, or even coming up entirely, with another digital currency.

Whales Continue Accumulating DOGE

Meanwhile, DOGE holdings continue to increase impressively. In fact, just last week, a whale identified as “Martian Manhunter” bought an incredible 68,000,000 coins. That was worth a whopping $5,684,188 at the time of purchase.

According to the tracking platform WhaleStats, the top 100 whales on the BNB Chain have now added a whopping $2 million worth of Dogecoin to their Dogecoin holding. This brings the total portfolio of the whales to around $17,005,992 in DOGE, a 1.14% increase in their DOGE holding.

Altcoin News, Cryptocurrency news, News
Mayowa Adebajo

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.

Related Articles