Someone Just Put Legendary '90s Video Game Doom on Dogecoin
Then there is Elon Musk, one of the richest men on the planet. A tweet from him about dogecoin has more than once in the past had a major impact on the price of dogecoin. An example of this was seen in July 2020, when he openly endorsed the coin. As a result, the price rose by 14%. The huge bull run since January is also thanks to Elon, which caused the price of Doge to reach all-time highs. What is dogecoin at now The Dogecoin blockchain was launched on 6 December 2013. Dogecoin's original total issue was planned to be limited to 100 billion tokens. However, over a year after the project's launch, the token's issuance reached 98 billion. That's when the creators decided to remove the limit and enable infinite token issuance. Approximately 5.5 billion new DOGE tokens are issued each year, which, according to many experts, harms its value and makes Dogecoin's future price very sensitive to inflation.
The price of dogecoin
Dogecoin project's Circulating Supply has been verified and is equal to: Dogecoin Price History 2024 (see more) Dogecoin has had an eventful 2021. To simplify the latest DOGE price prediction, we have divided up the prediction by short term Dogecoin price prediction and long term Dogecoin price prediction. As of writing this article, DOGE had a trading volume of 264,182,298. Dogecoin has gone down by -0.48% in the past 30 days.
Collectivism leads to creativity
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin. Other currencies Often lauded as a safe-haven investment, Gold has significantly increased in value over the years, offering investors a traditional hedge against currency devaluation and volatility. However, with the rising popularity of cryptocurrencies, the benefits offered by gold versus crypto are debatable. Bitcoin mirrored the precious metal’s trajectory when the global economy faltered due to the ongoing COVID-19 pandemic, earning it the title of Digital Gold. Cryptocurrencies like DOGE, while not as scarce as Bitcoin, offer the benefits of tradability, liquidity, convenience and the economic value of blockchain when compared with Gold.