Dogecoin founder says crypto investors are clueless while DOGE price crumbles under pressure

• Billy Markus, the co-founder of Dogecoin, believes at least 70% of crypto investors are clueless about fundamental basics and how the market works. 
• Nearly a year ago, Dogecoin hit its all-time high of $0.73; since then the token has plummeted 88.4%. 
• Analysts note Dogecoin’s recent pullback and identify a technical pattern that could push DOGE 15% higher if it plays out. 

Dogecoin’s co-founder advises crypto investors to perform actual research and stay informed about their crypto investments. While the meme coin crumbles under pressure, analysts find a bullish pattern that could drive a rally in Dogecoin. 

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While Dogecoin derives most of its trade volume and activity from the hype around its meme coin, the Shiba-Inu-themed cryptocurrency’s founder criticized the lack of fundamental awareness among crypto investors. 

Billy Markus, co-creator of Dogecoin, doesn’t think highly of investors who are clueless about how the market works and shared his views in a recent tweet.

Markus recommended a two-step action plan for traders keen on investing – research the fundamentals of cryptocurrencies and the markets in general, and then plan. 

Proponents believe Markus’ tweet refers to Terra’s LUNA and UST crash, where algorithmic stablecoin TerraUSD lost nearly 97% of its worth within a week. In less than seven days, Terra’s colossal crash has been likened to a “bank run” in cryptocurrency and wiped out nearly $39.2 billion in the market value of Terra’s LUNA and UST. 

In the crypto market bloodbath triggered by the Federal Reserve tightening its monetary policy and the de-peg of stablecoins, after UST, Dogecoin wiped…