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Usha Yadav
May 23, 2022
by Usha Yadav

95% Of Cryptos Are Scams-DOGE Founder

Cryptos Are Scams

Table of contents

  1. Elon Musk Joins in the Discussion
Billy Markus, the co-founder of DOGE, caused a heated debate when he claimed that 95% of cryptocurrency ventures are bogus. Elon Musk was even taken aback by his whining. Markus is notorious for his outspoken and often snarky comments on Twitter, even though he is no longer actively engaged with the meme coin he helped establish.

He recently stated that Shiba Inu's metaverse project (SHIB), DOGE's main competitor, is a fraud. The software engineer is broadening his critiques to include the whole bitcoin market, precisely 95% of it.

The DOGE founder's latest contentious post comes on the heels of Terra's ecology collapsing. Last week's collapse of the Luna and UST tokens saw billions of dollars disappear from the market, resulting in financial losses for many users.

"Also, keep in mind that the only people who will respond and attack this tweet are the fraudsters and the fools," the engineer continued, anticipating a backlash to his views.

Elon Musk Joins in the Discussion

Elon Musk, who is largely credited for the rise of Dogecoin and, by extension, meme cryptocurrencies in general, responded to the DOGE founder's tweet with an ambiguous laugh emoji.

This isn't the first time Tesla's CEO has used social media to communicate with the doge creator. The millionaire told Markus last week that his invention had the potential to become a global payment system.

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95% Of Cryptos Are Scams-DOGE Founder
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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