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Research on DOGE

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At present, the total circulating supply of DOGE exceeds 140 billion DOGE, and the annual issuance is now basically negligible, and its impact will continue to decrease over time. In addition, the adoption rate of Dogecoin even far exceeds its inflation rate.

The current low price of Dogecoin is one of its biggest advantages over Bitcoin. The relatively low price of each DOGE unit makes it attractive to retail investors, who can obtain thousands of DOGE at a fraction of the cost of Bitcoin.

Dogecoin is trading at around $0.38, with a 24-hour trading volume of $10.56 billion and a market capitalization of $55.8 billion. DOGE recently traded at $0.42 for the first time in two years.

Dogecoin has remained up on both the 7-day and 30-day periods, indicating a bullish trend. Therefore, the meme coin will definitely end the month with a bullish close. It is also possible to set a new all-time high above $0.73.