Dogecoin $DOGE Holders

Today, let’s talk about some data regarding Dogecoin and my bold predictions!

In 2021, the number of cryptocurrency users worldwide reached 300 million, while Dogecoin had issued 127.3 billion coins, but there were only 5.3 million wallet addresses. This means that only a very small number of people, about 0.017% of cryptocurrency users, actually held Dogecoin, with an average of over 20,000 coins per person. That year, Dogecoin peaked at $0.8!

By 2024, the number of cryptocurrency users increased to 560 million, and the number of Dogecoins slightly rose to 147 billion, with the wallet addresses increasing to 7.1 million. At this point, the average number of Dogecoins per address remained just over 20,000, but the percentage of Dogecoin holders dropped to 0.012%. The highest price for Dogecoin was $0.48. However, I've heard that the real Dogecoin boom is still ahead, which is in 2025!

I boldly predict that by 2025, the number of cryptocurrency users may reach 650 million, the number of Dogecoins will approach 152 billion, but the wallet addresses will explode to 10 million! At that time, the average number of Dogecoins per address will be just over 15,000, but the percentage of Dogecoin holders will rise to 0.05%. I also predict that Dogecoin could soar to between $1 and $1.6 in 2025!

Let’s also talk about the inflation rate. Dogecoin was issued in large quantities early on, so the inflation rate was higher, but as it was issued less later, the inflation rate decreased. Currently, 5 billion are issued annually, but compared to the number of cryptocurrency users, this issuance is simply not enough to go around; there is a supply shortage! The inflation rate in the USD is also decreasing, but we need to keep a close eye on how Dogecoin performs!

Now, looking at the current situation, the second-largest market cap $ETH is at $180 billion, and Dogecoin has $81.8 billion. Although the second position in market cap changes hands frequently, you understand Dogecoin's potential!

I also want to remind everyone that the cryptocurrency market is full of uncertainties and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and adopt a prudent strategy to respond to market changes!