$DOGE Dogecoin Co-founder Reveals: DOGE Deflation is Possible!
Billy Markus, one of the co-founders of Dogecoin, dropped a big news on the X platform - the secret of DOGE deflation.
Dogecoin has no supply limit and issues 5 billion new coins every year, which has led many to question its value. However, Markus stated that by making a pull request on GitHub and getting community and miner approval for the new version, DOGE can achieve deflation.
Currently, Dogecoin's total market supply is about 146.78 billion coins. Although 5 billion new coins are issued each year, the actual inflation rate is gradually decreasing. Markus also mentioned that Dogecoin is similar to Bitcoin, as Bitcoin's total supply can also be altered by the community and miners. He emphasized the importance of the community in Dogecoin's inflation, as Dogecoin is open-source and determined by miners and the community.
Elon Musk also supports Dogecoin, stating that its inflation situation is not an issue, and it's even better than the US dollar. Moreover, Musk becoming the head of the Department of Government Efficiency (D.O.G.E) feels like advertising for Dogecoin.
If Dogecoin can truly achieve deflation, it would be a great thing for holders. Musk's influence is significant, so paying attention to Old Man and Little Dog PP might lead to new potential surges.
