Doge is deflationary! Go check the data yourself! It’s all in the screenshot.
Is Doge issued infinitely? Will it experience inflation?
In fact, as early as the end of 2013 to June 2014: Doge had already mined two-thirds, about 100 billion DOGE.
• From 2015 to 2020 (6 years): 5 billion Doge added each year, totaling 31 billion DOGE.
• As of the end of 2020, the total mined Dogecoin was approximately 127.3 billion Doge,
1. The inflation mechanism of Dogecoin:
• Dogecoin adds 5,256,000,000 DOGE each year, with the inflation rate relative to its total supply decreasing year by year.
• 2015 inflation rate: about 5.26% (new amount relative to the total of 100 billion).
• 2020 inflation rate: about 4.1%.
• Future inflation rate: as the total amount increases, the inflation rate will further decrease (for example, it will drop to about 3% by 2030).
Conversely, as long as each bull market (once every 4 years, the next one is in 2029) increases the wallet addresses by 1 million, with each wallet having 20,000 Doge, it can offset the annual increase of 5 billion. From 2021 to 2024, the number of Doge wallet addresses has increased by 2 million, so it is currently deflationary. Currently, there are 7 billion people in the world, with 500 million buying coins. By 2025, this bull market is expected to bring in over 100 million people into the crypto space. Under Musk's promotion, Doge will continue to deflate. Musk's Twitter account has 200 million followers. As long as he continues to tweet about Doge and the number of Doge holders reaches 20 million, the price of Doge will break through 5 dollars.
In May 2021, the highest total Doge accounts reached 5.3 million, totaling 127.3 billion Doge.
The average number of Doge per account is 23,339.
By November 2024, the number of Doge accounts reached 7.1 million, totaling 147 billion Doge.
Each account has 20,704 Doge.
At this point, you will find this data very important; Doge is completely in a state of deflation where supply exceeds demand.
Before 2024, there were less than 2 million Doge accounts.
It is expected that by 2025, the number of Doge accounts will reach 10 million, and at that time, the average number of Doge per account will only be 15,000. Not to mention, everyone is shouting that the price will be 1 dollar in 2025, but in fact, the demand will far exceed 150 billion and the price will challenge 2 dollars.
