Benzinga - Billy Markus, popularly known as Shibetoshi Nakamoto, the co-creator of Dogecoin (CRYPTO: DOGE), on Tuesday, gave insights into the marketing strategy employed by meme coin communities.
What Happened: It all started with Markus tweeting out some Frequently Asked Questions, or FAQs, about his role as a meme coin founder.
FAQ:Q: do you represent doge?
A: no
Q: do you have any professional involvement with doge?
A: no. haven't touched it for 10 years.
Q: are you jealous of the success of other coins and tokens?
A: i literally don't care, i just don't like being harassed and attacked for clout.
— Shibetoshi Nakamoto (@BillyM2k) April 26, 2023
A Twitter user criticized the meme coin community for promoting their coins aggressively and accusing critics of censorship when blocked.
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However, Markus defended the tactic by pointing out that it’s a common approach adopted by other meme coins like Shib, Safemoon and Floki.
"It's usual actually, Shiba Inu (CRYPTO: SHIB), Safemoon, Floki (CRYPTO: FLOKI) , etc. all did the same thing,” he tweeted.
it's usual actually, shib, Safemoon, Floki, etc all did the same thing— Shibetoshi Nakamoto (@BillyM2k) April 26, 2023
Last week, Marshall Hyner, a member of the Dogecoin Foundation board of directors, said Dogecoin could become one of the top three cryptocurrencies.
Hyner, in an interview with FOX Business, said that Dogecoin's “memetic power” will propel it to even greater heights of popularity.
“I think it’s gonna become one of the top three someday because the thing is, there is this memetic power, and it can’t be stopped, and at the top of all the crypto memes is Kabosu and dogecoin.”
Price Action: DOGE was trading at $0.080, up 1.74% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Rise Amid Positive Tech Earnings: Analyst Warns ‘Bart Simpson’ Pattern Spells Trouble For Late Apex Coin Buyers
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