DOGE Founder Bill Markus says ‘get rich quick’ cannot affect the market

The meme coin hype, after many comments, is yet to die down. Amidst the declining prices of meme tokens like Shiba Inu and Dogecoin, the communities are still hyperactive on social media. Dogecoin co-founder Bill Markus has joined the “awareness spreading team.”

Despite being driven by hype with zero utility, Shiba Inu has been among the most trending crypto projects on different social media platforms. As TheCoinRise reported, it has recently even surpassed DOGE in terms of market cap after tripling its worth in the first week of October. Markus has been recently found cross-firing with his tweets about the “hype culture” in the crypto community.

Bill Markus says hype will soon die

Bill Markus shared his thoughts on Twitter about the hype that is driving meme coins in the crypto space. He mentioned the “get rich quick” schemes to make huge profits in a very short span of time. He said that these schemes could not affect the market in the long term. He said only the coins with some utility are going to last for the long term.

He also mentioned the ways to spot these meme tokens. TheCoinRise reported crash of Squid games token is the recent lesson to the investors who are trapping in such false schemes.

The tweet by Bill Markus didn’t resonate with the meme-loving community, who reiterated their support for different meme tokens. However, the consensus didn’t completely go against him, as many agreed with his views on the issue.

What’s the connection with Shiba Inu?

The creation of meme token DOGE has made Markus a prominent personality in the crypto world. However, many believe that he also is behind the Shiba Inu creation as the two coins are really similar. Markus used Twitter to clarify his stance on SHIB.

He explained that he has zero involvement with the SHIB token. He said that he is bringing this point after the constant investigation by the supporters regarding the same. As per his tweets, he said that he barely has any involvement with DOGE, which he had created.