Dogecoin Co-Founder Warns Bear Market Could Last 3–4 Years

TL;DR:

• The Dogecoin token traded at $0.0723 after recording a cumulative loss of 29% during the course of July.
• A report from the firm CryptoQuant revealed that 40% of altcoins operated near their all-time lows in early July.
• The co-founder of the project, Billy Markus, delivered his statements via a post on the social network X.

Billy Markus, co-founder of Dogecoin, posted on his X account that the current crypto market scenario is nothing more than the typical consolidation phase within bear cycles. The developer’s statements come amidst a prolonged stagnation in the prices of major digital assets.

The token’s creator, known under the pseudonym Shibetoshi Nakamoto, described this scenario as a monotonous process rather than a stage that generates panic. Responding to community inquiries regarding the estimated duration of this behavior, Markus stated that, according to the sector’s historical trend, these cycles usually span between three and four years, although he clarified that the definitive timeframe cannot be determined with exact precision.

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