Dogecoin Founder Wonders Why DOGE is Outperforming Top Crypto Assets in the Market

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Outspoken Dogecoin co-creator, Billy Marcus, cannot explain why the most prominent memecoin outclassed Bitcoin, Ethereum and Solana in the past 24 hours.

DOGE is faring much better than other assets in the market despite the slight collapse that occurred yesterday. As a result, the dog-themed token boosted by 10% in the past 24 hours, moving from $0.0645 to $0.071 within that time, leaving Billy Marcus puzzled.

In addition, the popular meme token is trading positively at 2.5% compared to other top 10 globally ranked giant crypto assets. 

Currently, Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and Ripple (XRP) went down 0.8%, 3.8%, 1.5%, 2.3%, and 2.6%, respectively. Additionally, Solana (SOL) also recorded the most losses, trading at a loss of 7.6% in the last 24 hours.

Earlier this week, Dogecoin recorded a surge of nearly 120% in the volume of large transactions made in a day.

Related: Elon Musk Says He Never Asked Anyone to “Invest In Crypto” Amid Ongoing $258B Dogecoin Lawsuit

Dogecoin Founder Marvels At DOGE’s Performance 

Billy Marcus reacted surprisingly to the meme coin’s positive performance on Twitter. On his official Twitter handle, Marcus asked his followers to explain why DOGE stands out from other cryptocurrencies. 

Marcus, also known as Shibetoshi Nakamoto, tweeted:

“Hey, look, dogecoin is up today, and most other cryptos are down. Reason: who the f.ck knows,” 

DOGE is not Close to its All-Time High

Despite its recent performance in the crypto market, the dog-themed coin still has a long way to go for it to return to its former glory, an all-time high of $0.73. Last week, Billy Marcus echoed this observation, who told investors not to expect any miracles soon.

At Dogecoin’s current price of $0.067, the cryptocurrency is down 90.9% from its previous all-time high recorded on May 8, 2022.

The market is currently rough for DOGE to meet up to its previous high, making it presently impossible to attain that goal. 

Read More: Dogecoin Founder Says DOGE Cannot Reach Previous ATH of $0.74 Again.