Dogecoin holders must see
Let's talk about Dogecoin. In 2021, there were 300 million people worldwide playing with cryptocurrencies, and a total of 127.3 billion Dogecoins were issued, but there were only 5.3 million wallet addresses, with an average of over 20,000 Dogecoins per address. In other words, the number of actual Dogecoin holders is just a small fraction, about 0.017% of cryptocurrency users. At that time, the highest price of Dogecoin reached 0.8 USD.
By 2024, the number of cryptocurrency users increased to 560 million, and Dogecoin increased slightly to 147 billion coins, with wallet addresses rising to 7.1 million. Now, each address has an average of around 20,000 plus a few hundred Dogecoins, but the proportion of Dogecoin holders has dropped to 0.012%. This year, the highest price of Dogecoin is 0.48 USD. However, I've heard that Dogecoin is expected to shine in 2025.
I estimate that by 2025, there may be about 650 million people globally playing with cryptocurrencies, and the total number of Dogecoins will be around 152 billion, but wallet addresses will skyrocket to 10 million! At that time, the average number of Dogecoins per address will only be 15,000, but the proportion of Dogecoin holders will rise to 0.05%. I also boldly predict that in 2025, Dogecoin could reach a peak price of 1 to 1.6 USD.
Let's talk about the inflation rate. In the early stages, Dogecoin was issued a lot, leading to a higher inflation rate, but later the issuance decreased, and the inflation rate came down. Now, 5 billion coins are issued every year, but compared to the number of cryptocurrency users, this increase is negligible; it's a supply-demand imbalance! The inflation rate in the US dollar is also decreasing, but we still need to see how Dogecoin performs.
Looking at now, the second-largest market cap, ETH, is at 180 billion USD, and Dogecoin has 81.8 billion USD. Although the second position in market cap changes hands frequently, you understand the potential of Dogecoin.
In the future, the number of cryptocurrency users will continue to grow; by 2030, there may be 800 million to 1 billion people trading cryptocurrencies. Especially with Elon Musk's influence, his more than 200 million fans are daily posting Dogecoin news, so the number of Dogecoin holders will definitely surge, possibly reaching 50 million to 100 million! At that time, the issuance of Dogecoin will be a piece of cake and won't have much impact.
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