Dogecoin Major Events Revealed, You Might Not Know Everything!

The issuance speed of Dogecoin is astonishing, with new coins popping up every minute, resulting in 5 billion coins a year. However, despite this issuance, the market value only increases slightly each year, around 3%, which translates to about 200 million dollars.

Dogecoin has been around since 2013, created by two big names, Billy Markus and Jackson Palmer. Initially, Dogecoin was extremely cheap, just a few cents per coin, and it was possible to mine it back then. Markus even sold some Dogecoin to buy a used Honda Civic.

Now, Dogecoin is quite popular in the trading market, with major platforms like Binance trading it. However, the holders are quite concentrated, with the top ten holders owning over 42%, leaving the rest to share a small cake.

Dogecoin is also easy to lose; statistics show that 11.2% has been lost, which is about 200 billion coins. Additionally, 19% of Dogecoin has been sitting in wallets for over a year, amounting to about 380 billion coins.

Elon Musk is indeed the lucky star for Dogecoin, as his words can send its price soaring. For instance, when he said he would send Dogecoin to the moon, its price immediately surged by 238%. When he acquired Twitter, Dogecoin rose by 163%. Even changing his Twitter profile picture can lead to a 30% increase in Dogecoin’s price.

He has also promoted the use of Dogecoin for subscriptions to Twitter, payments for SpaceX, and Tesla merchandise, resulting in another wave of price increases. However, Musk isn't always supportive; there was a time he called Dogecoin a scam, and its price promptly dropped by 34%. Yet the market always fluctuates, and later Dogecoin rebounded, now its price has quadrupled.

Dogecoin is also quite popular in the payment field, being used in over 100 countries worldwide. Musk's promotional effect is impressive, with even high school girls and KTV hostesses starting to buy Dogecoin. Many people may not recognize BTC, but they know DOGE!