As it is the talk of the crypto space, Dogecoin (DOGE) has been witnessing a massive increase. In fact, OnChainFX made known that Dogecoin is the only cryptocurrency performing excellently in the last 30 days.
While Dogecoin may be seen as an all-time biggest joke, it appears not to be at the moment, the founder of the cryptocurrency Jackson Palmer has introduced another joke: can you believe he does not own any DOGE at the moment?
While the cryptocurrency ecosystem is growing, the likes of TokenPay are trying to add more to the amount of TPAY in their account, as this happens, tech savvy Palmer declares that he does not own any portion of Dogecoin at the moment.
He said this replying to a statement by one of the lovers of the cryptocurrency yesterday.
As it appears, it does not seem the founder of the cryptocurrency is not even thinking of acquiring Dogecoin any moment.
With the increasing praise song around Dogecoin today, it comes as a surprise that the founder does not believe in the future of the cryptocurrency.
One of Dogecoin’s enthusiasts condemned Palmer saying, he, Palmer would love to join the project again for two reasons: hypocrisy and because he does not want to be responsible for people taking the idea seriously. However, Palmer replied that he does not have any value to add to the project.
Meanwhile, either Palmer believes in this project or not, Dogecoin is doing fantastic in the space.
What Is Behind Dogecoin (DOGE) Continuous Rise In The Market.
The reason behind the rise of Dogecoin is not clear to anyone. Twiterrains are saying it is because Robinhood app added the crypto currency some time back. While this may be true, the importance of Dogecoin in the space may be behind its success. Dogecoin is rank 20th with a market cap of $719,658,178 USD according to coinmarketcap.
Plummeting Crypto Market.
The cryptocurrency space has been witnessing downtrend in recent time. Many analysts linked this to reactions to external forces impeding the growth of the cryptocurrency.
Crypto regulations and some other key factors have been said to be behind the red nature of the crypto market in recent time.
Despite these forces, there is growing demand for cryptocurrency in some countries like Iran, Venezuela, Zimbabwe due to inflation.
However, analysts have also said that it is necessary countries like America, United Kingdom witness hyperinflation before mass adoption of cryptocurrency happens.