How much do you know about #DOGE Dogecoin?
Relevant data:
◓ Unlimited issuance:
Did you know? Dogecoin is being issued every minute, increasing by tens of thousands, which amounts to 5 billion new coins a year. At the current price, this can increase Dogecoin's market value by 200 million annually, with an increase of about 3%.
◓ Co-founders:
Billy Markus and Jackson Palmer founded it on December 6, 2013, with an initial issuance price of $0.00059. People could mine it using their computers. Billy Markus sold his Dogecoin in 2015 to buy a used Honda Civic.
◓ Dogecoin's market makers:
Mainly includes Binance and Robinhood.
◓ Coin holders/wallet addresses:
7.5 million coin holder addresses, 93.5 million wallet addresses, with the top ten holding over 42% in total.
◓ Lost and dormant:
Statistics show that since its inception, about 11.2% of Dogecoin has been permanently lost, approximately 200 billion coins, and about 19% has been dormant for over a year, approximately 380 billion coins.
◓ Musk's influence:
In 2021, Musk promoted $DOGE with a 400% increase in one day, but the power gradually weakened.
Dogecoin to the moon: up 238%.
Acquisition of Twitter: 163%.
2023 Twitter profile picture change: up 30%.
During this period: Dogecoin subscription to Twitter: up 10%.
Dogecoin payments for SpaceX: up 11%.
Buying Tesla merchandise: up 30%.
Claiming it is the people's currency: up 90%.
Most increases quickly fell back; once he called Dogecoin a scam in an interview, it dropped 34%.
This year he supported Trump and mentioned Dogecoin multiple times, leading to a 400% increase.
◓ Payment scenarios:
In over 100 countries, its payment scenarios are second only to BTC. After Musk's endorsement, it became more widely known, even high school girls know about it, and KTV princesses hold it!
The general sentiment in the market for #DOGE is optimistic, with the prospect of breaking $1 in the future.
Tonight is Christmas Eve. Throughout history, the crypto space has been tumultuous multiple times, and currently, mainstream and altcoins have been consolidating around the moving averages for nearly 5 days. In the coming days, a direction must be chosen! Try to avoid high leverage! Altcoins continue to experience large drops and buys, and small drops and buys!
