Bitcoin [BTC] was the first cryptocurrency to exist. Soon after, a plethora of different types of coins hit the market. While some claimed to fix Bitcoin’s shortcomings, a few others love Dogecoin [DOGE] debuted as a joke. However, similar to BTC, DOGE went on to pave the way for a series of meme cryptocurrencies of significant utility. However, the communities behind these networks continue to condemn other networks while announcing their own.
Dogecoin co-founder Billy Markus got into trouble after his recent tweet about Bitcoin. In response to a tweet about the progress, Markus shared BTC’s price chart. In addition, he noted that he could not see if there was any progress regarding the price of Bitcoin.
This caused a stir as several Bitcoin HODLers backed the king’s coin. Several urged Markus to rather zoom out and see how Bitcoin had progressed. A few others even pointed out how they bought BTC when the price was capped at double or triple digits. Therefore, the current state of BTC is considered “progress” for them.
This is how the Bitcoin chart looks zoomed out.
So how has Dogecoin fared?
Although Dogecoin has a cult following, DOGE’s price was rather sloppy. Despite collecting high-profile recommendations from Elon Muskthe addition of the asset to Tesla and optionally SpaceXand GenZ’s craze around the meme coin, DOGE has failed to make it to $1.
Dogecoin was one of the first cryptocurrencies. The asset made its debut even before Ethereum. After the bears’ dominance, it actively witnessed a drastic decline. At the time of writing, DOGE was trading at $0.070 with a 2 percent increase daily.
In his next tweet, Markus praised DOGE and pointed out that anything above zero was progressive.
Dogecoin is currently 90 percent below its all-time high [ATH] of $0.73 while Bitcoin is only 65 percent below its ATH of $68K.