Toxicity may have a negative impact on the DOGE brand.
1 min read
Dogecoin, a meme-based cryptocurrency, has had a difficult couple of months, failing to gain any traction amid market volatility. Billy Markus, one of the co-founders of DOGE, has issued a caution to the meme-coin community to avoid becoming "crazy, toxic, attacky, spammy, and entitled," since this might devalue the brand. Since before the start of 2022, the DOGE coin has been subjected to market instability. On international markets, each DOGE token was selling for roughly $0.15 at the time of writing, with a loss of up to 3.36 percent in the previous 24 hours.
Markus, who goes by the Twitter handle Shibetoshi Nakamoto, sent out a series of tweets to the DOGE community, urging them to "stay cool" and avoid speculation over the altcoin's buzz and pricing.
"Companies will not accept the coin," the DOGE co-founder tweeted, along with a series of other bad consequences he anticipates to befall the brand if the community continues to be hostile about the coin, which is currently downtrending.
