Uncover the big things about $DOGE that you didn't know!

The speed at which Dogecoin is being issued in the crypto world is actually astonishing, with new coins popping up every minute, totaling 5 billion new coins in a year. But did you know? Despite this issuance, its market value only increases a little each year, about 3%, which translates to roughly 200 million dollars.

Speaking of the origin of Dogecoin, it dates back to 2013, when two big names, Billy Markus and Jackson Palmer, teamed up to create it. Initially, DOGE was incredibly cheap, at just $0.00059 per coin. Back then, mining was still profitable, and Markus himself sold Dogecoin to buy a used Honda Civic.

Now, Dogecoin is quite popular in the trading market, being traded on Binance and other major platforms. However, even though it seems to be thriving, the holders are actually quite concentrated, with the top ten holders accounting for over 42%, leaving the rest of the people to share the remaining small portion of the pie.

Another issue with Dogecoin is that it's easy to lose; statistics show that 11.2% has already been lost, which is nearly 200 billion coins. Additionally, 19% of Dogecoin has been dormant in wallets for more than a year, which amounts to 380 billion coins.

Speaking of Musk, he truly is the lucky star of Dogecoin; a single statement from him can send Dogecoin's price skyrocketing. For example, when he said he wanted to send Dogecoin to the moon, the price immediately surged by 238%. When he acquired Twitter, Dogecoin rose by 163%, and even changing his Twitter avatar caused Dogecoin to rise by 30%.

He has also promoted the use of Dogecoin, allowing it to be used for Twitter subscriptions, payments for SpaceX, and Tesla merchandise, resulting in another price surge. However, Musk isn't always so reliable; once he called Dogecoin a scam, and the price immediately fell by 34%. But the market always fluctuates, and later Dogecoin rose back up, now having quadrupled in price.

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