Potshot Or Praise? Dogecoin Founder Says Cramer 'Good At His Job' — Elon Musk Reacts

Dogecoin (CRYPTO: DOGE) co-founder Billy Markus, popularly known as Shibetoshi Nakamoto on Thursday said Mad Money CNBC host Jim Cramer is “good at his job.” What Happened: Twitter chief Elon Musk chimed in the conversation and said, “the Force is strong with inverse Cramer.

Timeline of Dogecoin

Shiba Inu (CRYPTO: SHIB) was trading flat in consolidation during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE). The consolidation, in both Shiba Inu's and Dogecoin's case was taking place in the form of an inside bar pattern.

Dogecoin and shiba inu fell by as much as 5% in today's session, as markets reacted to the European Central Bank (ECB) rate hike. The bank moved to increase rates by 50 basis points, despite the recent banking crisis.

The price of Dogecoin has gone up again in recent weeks thanks to newfound assistance from Elon Musk, the South African billionaire and CEO of companies like Tesla, SpaceX, and now Twitter.

Although the meme cryptocurrency Dogecoin (DOGE) is recording losses on multiple charts, its community still holds a bullish attitude and expects the digital asset to conclude the third month of 2023 with a significant increase to its current price.

Crypto network vulnerabilities remain at large in 2023 after a disastrous 2022. In the latest edition, a security research team revealed massive risks at Dogecoin, Litecoin, and Zcash, with developers warning of additional risks.

Dogecoin (DOGE), the cryptocurrency that powers the decentralized payments-focused Dogecoin blockchain, has slumped during Wednesday's US trading hours. The sell pressure began after DOGE failed to break above its 21-Day Moving Average (DMA) in the mid-$0.070s, and after a failed attempt on Tuesday to retest the 200DMA around $0.079. Near-term price predictions have subsequently become more bearish.

Halborn, a blockchain security firm, has discovered a vulnerability on Dogecoin and over 280 other networks. The security firm Halborn identified “several critical and exploitable” vulnerabilities in the open-source code of Dogecoin.

Litecoin rose by as much as 15% in Tuesday's session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending recent gains.

Dogecoin (CRYPTO: DOGE) co-founder Billy Markus — popularly known as Shibetoshi Nakamoto — has fiercely criticized modern financial markets, dubbing them as “insane stupidity." What Happened: In a tweet on Monday, Markus said, “Please always remember that every single thing about modern financial markets is batsh*t insane stupidity.

Dogecoin registered gains of 9.4% within the 12 hours preceding the time of writing. This was a trend across the crypto market, but this move brought many altcoins right into a zone of resistance.