Billy Markus, the co-founder of Dogecoin, known for his contradictory comments in the crypto money industry, claimed in his last comment on Twitter that 95 percent of crypto money projects are scam and useless.
Many users who followed this comment on Twitter replied that Billy Markus was responsible for the emergence of many fraud-related projects by producing a joke-themed crypto currency like Dogecoin.
While Markus' comment about cryptocurrencies was negatively received by many, the criticism was that he developed a crypto asset such as Dogecoin. Markus also responded to the criticisms made about DOGE and defined the crypto asset as an important work that emerged on the backlash.
Elon Musk, the biggest Dogecoin supporter, was also among those who responded to Billy Markus' comment. However, instead of criticizing, Musk responded to this comment with a laugh.
Developed by Billy Markus, Dogecoin emerged as a Litecoin fork in 2013 and remained unpretentious at low volume for years, until Elon Musk declared Dogecoin his favorite cryptocurrency in 2020. The cryptocurrency price skyrocketed after Tesla and SpaceX CEO started supporting DOGE. At that time, Billy Markus announced that he had sold all the DOGEs he had.
With the support of Elon Musk, this time last year, the DOGE price broke a record by reaching $ 0.73 and saw a tremendous increase of 15,000 percent in just 5 months. During the times when Dogecoin was popular, hundreds of similar dog-themed altcoins were produced. Among them, the Shiba Inu was the most popular and now Shiba continues to evolve as Dogecoin's biggest competitor.
Billy Markus started to come to the fore with his comments, especially after the Terra collapse, which marked the history of crypto money. Finally, claiming that the vast majority of cryptocurrencies are scams, Markus had previously criticized Terra founder Do Kwon. On top of that, Do Kwon blocked Markus, and the Dogecoin founder said he welcomed this reaction with a sarcastic expression.