Discover the Big Things About $DOGE That You Didn't Know!

The speed at which Dogecoin is being minted in the cryptocurrency 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 minting, its market value only rises a little each year, about 3%, which converts to roughly $200 million.

When it comes to the origins of Dogecoin, we have to trace back to 2013 when it was created by the collaboration of two big names, Billy Markus and Jackson Palmer. Initially, DOGE was incredibly cheap, priced at just $0.00059 per coin. At that time, it was still possible to mine, and Markus even sold some Dogecoin to buy a used Honda Civic.

Now, Dogecoin is quite popular in trading markets, with Binance and some major platforms trading it. However, despite its apparent popularity, the holders are actually quite concentrated, with the top ten holders owning over 42%, leaving the rest to share the remaining small cake.

Another issue with Dogecoin is that it is easy to lose; statistics show that 11.2% has already been lost, which is about 200 billion coins. Additionally, 19% of Dogecoin has been dormant in wallets for over a year, amounting to about 380 billion coins.

Speaking of Elon Musk, he truly is the lucky star of Dogecoin. Just one statement from him can send Dogecoin's price skyrocketing, such as when he said he would send Dogecoin to the moon, which caused a 238% surge. When he acquired Twitter, Dogecoin increased by 163%, and even changing his Twitter avatar could boost Dogecoin by 30%.

He has also promoted the use of Dogecoin, allowing it for Twitter subscriptions, payments for SpaceX and Tesla merchandise, resulting in another surge in Dogecoin's price. But Musk isn't always so supportive; once he called Dogecoin a scam, and the price immediately dropped by 34%. However, the market always fluctuates, and Dogecoin eventually rose again, with its price now quadrupling.

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