Isn't that a bit ridiculous? You didn't shout when the price was low, now that it's higher you shout. I guess the founder got stuck. Besides, if you really want to do it, just wait and slowly do it in a bear market.

If Dogecoin implements deflation, will the price of DOGE skyrocket?

Recently, the Dogecoin community has been buzzing with excitement as one of its founders, Billy Markus, revealed on the X platform: Dogecoin is going to implement deflation! This news has created a storm, stirring up waves in the cryptocurrency world. However, the truth of the news remains to be seen, pending official confirmation.

Deflation, simply put, means making money more valuable. For example, if a small cake used to cost 10 yuan, after deflation it would cost only 5 yuan, thereby increasing the purchasing power of money. If Dogecoin wants to implement deflation, developers need to submit key changes on GitHub, but community members and miners must also agree, after all, this is everyone’s 'treasure'.

Currently, about 146.78 billion Dogecoins are in circulation, with 5 billion new coins added each year, and the rate of increase will gradually slow down. This is different from Bitcoin, which has a fixed total supply; theoretically, Dogecoin's supply continues to grow. However, Billy Markus claims that Bitcoin's rules can also be changed and predicts that Dogecoin may one day be more reliable than fiat currency.

If deflation succeeds, Dogecoin will shift from abundance to scarcity. But whether this will happen depends on the community and miners. What will this deflation adventure be like? We will have to wait and see; perhaps Dogecoin will amaze the crypto world.

Additionally, Musk endorsed the proposal to establish TITS on the X platform, suggesting that the timing may be right. If realized, TITS could provide strong application scenarios for Dogecoin, enhancing its value. Meanwhile, many whales have been buying DOGE in a frenzy recently; on December 27, a whale spent $90 million to buy in; on December 31, another whale bottomed out with 300 million coins, worth over $96 million.

With Trump's inauguration approaching on January 20, expectations for Dogecoin's price increase are high. With Musk's support, the subsequent hype and speculation are ongoing, and regardless of whether deflation occurs or not, the future performance of Dogecoin is viewed positively. Let's look forward to it together.