Benzinga – In the previous week, the cryptocurrency market encountered a significant decline, with prominent digital assets such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin facing setbacks. During the market turbulence, several notable individuals shared their distinct viewpoints. Co-creator of Dogecoin, Billy Markus, delivered a sarcastic comment on the situation, while trading volumes for Donald Trump’s original NFT collection plummeted. Conversely, a meme coin parodying President Joe Biden saw an unexpected surge, and economist Peter Schiff painted a bleak picture of Bitcoin’s future. Edward Snowden also contributed a measured perspective on the market’s fluctuations.

Insight from Dogecoin Co-Creator on Crypto Market Decline

As the crypto market witnessed a sharp downturn, Billy Markus, one of the minds behind Dogecoin (CRYPTO: DOGE), took to social media with a lighthearted response. His playful commentary stood out amidst the prevailing pessimism among investors grappling with diminishing asset values.

Decline in Trading Volume for Trump NFT Collection

The trading volume for the original NFT collection featuring former President Donald Trump has dwindled significantly, experiencing a 99% drop in the past month. This collection, which initially garnered attention, has seen no transactions in recent weeks, indicating a stark decrease in demand.

Surge of ‘Jeo Boden’ Meme Coin Crossing $1 Mark

Additionally, the Solana-based meme coin, Jeo Boden (CRYPTO: BODEN), witnessed a remarkable upsurge, briefly surpassing the \(1 milestone. This surge propelled the coin’s market capitalization above \)700 million before stabilizing. The coin’s performance has captured the interest of traders and spectators alike.

Peter Schiff Predicts Bitcoin’s ‘Largest Crash Ever’

Renowned Bitcoin critic Peter Schiff has reiterated his doubts about the cryptocurrency, foreseeing what he considers could be its most significant crash to date. Schiff’s remarks contribute to the heightened unease prevalent in the crypto community.

Edward Snowden’s Perspective on Crypto Market Turmoil

Amid the recent upheaval in the crypto market, Edward Snowden offered a contrasting viewpoint, noting that Bitcoin’s price has maintained relative stability over the past week, despite the daily fluctuations causing widespread investor concern.

Explore More: Dogecoin Influencer Warns Against Certain Trading Strategies: ‘You Risk Losing It All’

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