Big Dogecoin (DOGE) proponent Mark Cuban may have plunged into hot water when it hit its lowest level against Bitcoin (BTC) in more than six months.
Weekly DOGE / BTC candlestick (Bittrex). Source: TradingView
“It’s bananas now.”
Data from Cointelegraph Markets Pro and TradingView showed that on October 14, the DOGE / BTC rate fell to 412 satoshi (0.00000412 BTC) – from a height of 1284 satoshi (0.00001284 BTC) in April.
As Bitcoin collectively surpassed cryptocurrency this month, Dogecoin investors have been in particular pain after months of public campaigns by Cubans and others, including the world’s richest man, Elon Musk.
Nothing changed the fate of the meme-based cryptocurrency, but now disappointed commentators demand an explanation.
The Cuban was poised for revenge this week, and podcast host Preston Beach noted that promoting Dogecoin on U.S. national television at the highest level was misleading to say the least.
Co-critic Peter McCormack agreed with Cuba’s calls for comment over the latter’s criticism of Bitcoin.
Twitter users also teased Cuban’s claim that he prefers to own bananas over BTC, ridiculing Dogecoin’s declining purchasing power as measured by fruit.
In August, Cubans said he owns DOGE for less than $ 500.
Did DOGE have a day of its own?
In the meantime, Musk began using the stand-alone cryptocurrency Dogecoin in his advocacy efforts, which also led to huge successes amid softer comments.
On the subject: Tesla Elon Musk has already earned $ 1 billion from owning bitcoins
Since then, such a coin, the Shiba Inu (SHIB), has undergone massive sales by large investors known as whales.
The Tesla boss did not escape the wrath of Bitcoin earlier this year, but his actions with Dogecoin were met with allegations of manipulation by investors.
As Cointelegraph mentioned, all currencies tend to recover when Bitcoin reaches its peak cycle, which is currently set to start in early 2022.