Cryptocurrency Space Stays the Same As Before, Except for NFTs

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Dogecoin is a cryptocurrency that the Dogecoin Foundation created.

With NFTs growth, Founder Billy Markus — also known by his Twitter handle Shibetoshi Nakamoto — claims that the cryptocurrency sector has stayed the same since 2013.

He even went so far as to declare that the year 2013 was rife with crypto frauds, charlatans, and dodgy characters. He also claims that there was never a day when he didn’t hear about cryptocurrency exchanges breaches.

Shibetoshi sparingly evaluated cryptocurrency attitudes from 2013 to the present, concluding that there has been no discernible shift in the fraud and theft in crypto. Moreover, crypto still has a lousy terminology, he noted, despite the progress and advent of new technology.

Does this imply that Shibetoshi has lost faith in and passion for cryptocurrency? In addition, the tweet seems to be sarcastic and mocking in many ways. Elon Musk, the company’s CEO, responded with a laughing emoji. Then, musk reacted with a new tweet to the Twitter community’s retweets. This time, he replied by claiming that non-fungible tokens (NFTs) are causing the dollar to depreciate.

Musk’s remark demonstrates that he does not believe Shibetoshi’s crypto tales. It’s also understandable that Musk’s enthusiasm for cryptocurrencies, particularly Dogecoin, hasn’t waned. Cryptocurrency frauds are unavoidable in today’s world. Therefore keep your password safe at all times to prevent being a victim.

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