Dogecoin (DOGE) founder Billy Markus, known as Shibetoshi Nakamoto on X, has commented on the current state of the crypto market. On Tuesday, the broader crypto market turned green, with total market capitalization reaching $2.52 trillion.
In an X post, the Dogecoin founder wrote "short-term pain, long-term gain."
He added a humorous meme depicting the market's optimism. His comments suggest that crypto investors who have suffered losses during the recent market downtrend stand to achieve long-term success. Nakamoto is optimistic about the crypto market's long-term potential.
His recent statement on X received mixed sentiment from crypto market participants. One set claims the market only wanted a break after hitting historical highs. Therefore, they believe price volatility will cease when the market shifts to green, leading to digital assets setting new records.
On the other hand, others think it is too early to celebrate. They even anticipate long-term pain for crypto investors.
Per data from CoinMarketCap, the total crypto market saw a 1.38% rally over the previous day. Top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, Solana and Binance Coin (BNB) are currently in the green.
These cryptocurrencies have increased by 1.2%, 0.9%, 0.6%, 0.5% and 0.49%, respectively.
Top meme coin DOGE has also benefited from the rally. The coin is up over 3.5% over the last 24 hours. However, the trading volume plunged by 37.4%, indicating reduced market activity.
Although quite small, the broader market rally is still substantial. This is because the market bled profusely on Monday. The Dogecoin founder made a humorous post on X that pointed to the cyclical nature of the market. The DOGE ecosystem even saw 300 million tokens moved from an unknown wallet to Binance, compounding fears of a sell-off.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。