Grayscale founder taunts Dogecoin community in a Twitter post
Barry Silvertfounder and CEO of DCG, the parent company of Grayscale, took to Twitter to post a hilarious comparison of major cryptocurrencies: Bitcoin, Ethereum, Litecoin, XRP and Zcash to different music bands.
The DCG founder, however, left the Dogecoin community puzzled with a question mark and by not giving a comparison for the largest meme coin.
The top exec compares Bitcoin to Pink Floyd, an English rock band formed in London in 1964. The second largest cryptocurrency, Ethereum (ETH), has been compared to U2, an Irish rock band from Dublin, formed in 1976 Litecoin has been compared to the Eagles, one of the most successful musical groups of the 1970s in North America. XRP is compared to Coldplay, a British rock band formed in London in 1996. Barry Silbert makes a fun comparison between Privacy Coin and ZCash and Radiohead, an English rock band formed in Abingdon, Oxfordshire, in 1985.
Interestingly, the “old country” music groups the DCG founder alludes to were formed in the 1970s-1990s, pointing to the fact that these digital assets have been around for a number of years.
The intended message behind the DCG founder’s recently posted tweet remains unclear, but many have started sharing memes and funny responses to Dogecoin, as expected: jokes.
Dogecoin, a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, was created as a “joke,” making fun of the wild speculation in cryptocurrencies at the time.
Dogecoin since its inception
Dogecoin, the meme coin that started it all, celebrated its eighth birthday, as U.Today reported on December 6 last year.
With the help of high-profile proponent Elon Musk, other celebrities and incessant media coverage, Dogecoin had surged significantly in early 2021, captivating the entire investing community.
The Bitcoin parody also inspired a whole host of imitators, with Ethereum-based Shiba Inu becoming its most prominent counterfeit. At a current price of $0.117, Dogecoin is down 84% from its all-time high of $0.73 reached in May 2021.
