The popular meme coin’s surging by 83% this week left co-founder Billy Markus, better known as Shibetoshi Nakamoto, in disbelief. Dogecoin’s gains on Thursday were its biggest since 2020 and have lifted its value to $0.30, its highest since that year.
Dogecoin co-creator Markus helped launch the token in 2013. He tweeted his amazement at the speed at which DOGE’s price has risen on Tuesday, as enthusiasts declared victory on social media. His candid reaction echoed many of the thoughts of the Dogecoin community, as the coin has been wildly volatile.
Markus could hardly believe the sudden momentum of the coin he helped beget: “I can’t even handle it.” Many people following Dogecoin’s roller coaster ride are happy to see the spike and excited they did.
With Dogecoin still on the move, plenty is being discussed concerning how the coin might finally see $1. Speaking to a supporter who predicted the rally to $1, Markus tempered that optimism with the wily caveat that while it might seem impossible, the craze of crypto markets will always keep people guessing.
I can’t say it’s going to hit a dollar, but who knows? Crypto’s volatile; anything can happen,’ Markus said. Even the conservative take did appear to have an undercurrent of optimism as the Dogecoin community prepares to move forward.
Dogecoin Community Shares Key Tips for Navigating Price Surge and Volatility
During this surge in price, another large voice in the Dogecoin space, Mishaboar, who is no stranger to Dogecoin and is a key part of the community, shared essential tips to help navigate the current choppy times. According to Mishaboar, Dogecoin investors should follow four essential guidelines to manage the unpredictable nature of the market:
- Invest what you can afford to lose.
- Do not engage in leverage trading and futures trading.
- Invest in self-custody, having 1 wallet, and several exchanges for extra safety.
- Keep your emotions with FOMO (fear of missing out) and greed in check.
These tips will keep Dogecoin prices from seeing blood in the water as it moves upwards. As DOGE’s price rises, the crypto community is on their tips and is watching the next move in the price journey.
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