Dogecoin Co-Creator Invests in It for 1st Time in 8 Years After Dramatic Price Plunge

Dogecoin Co-Creator Invests in It for 1st Time in 8 Years After Dramatic Price Plunge

Amid a dramatic plunge in the market price, co-creator of Dogecoin Billy Markus invested in the cryptocurrency for the first time in eight years.

Markus, whose online presence lies under the name Shibetoshi Nakamoto, tweeted on Tuesday, "I bought dogecoin after 8 years of vowing never to buy crypto again, an hour ago."

He divulged that the cryptocurrency suffered a market-wide crash that saw the price of dogecoin fall by more than 10 cents in 24 hours, and tweeted, "I have checked the price 7 times so far since then. I was up 10 per cent and now it's back to up 3 per cent."