CandleFocus Dogecoin’s Founder Stacking BNB: Time To Buy?
2024-10-21
Author: Content Editor
Billy Markus, the founder of Dogecoin, recently sold all his BabyNeiro tokens in exchange for BNB, Binance's native token. This decision has sparked controversy due to BNB's poor market performance. Markus has accumulated cryptocurrencies as tips in various wallets and has earned approximately $780,000 from selling free tokens this year. His previous decision to sell all his Dogecoins in 2015 for $10,000, which would now be worth over $9 million, was widely questioned. BNB is currently valued at $596.77 and has experienced a slight decrease in the last 24 hours. However, it remains dominant in the crypto market and is ranked fourth in market capitalization. The technical analysis of BNB suggests a bullish pattern and a potential breakout. The MACD signal indicates a slightly bullish trend, but a breakout above the upper trendline could strengthen the bullish move.
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