Dogecoin is causing a huge stir!
Is $DOGE about to undergo a massive transformation into deflation?
Friends, there’s big news in the crypto world! One of the founders of Dogecoin, Marcus, dropped a huge bomb on social media, saying what? Dogecoin is about to transform into a deflationary currency! As soon as this news broke, the entire community was in an uproar, like it just exploded.
Deflation, simply put, means money becomes more valuable. For example, a small cake that used to cost 10 bucks can now be had for just 5 bucks after deflation! How will Dogecoin achieve deflation? Marcus said the developers plan to revise the code to give Dogecoin a “slimming plan.” However, this still needs the agreement of Dogecoin's community members and miners; everyone has to be on board.
Currently, there are about 146.78 billion Dogecoins circulating in the market, and 5 billion new members are added each year. Although this annual increase is fixed, as the Dogecoin family grows larger, the growth rate slowly decreases.
Marcus also mentioned that the rules of Bitcoin $BTC are not set in stone; they can be changed through discussions. He boldly predicts that Dogecoin's design could be even more reliable than the fiat currency we use now! If this plan works out, Dogecoin might just skyrocket again!
Of course, this is just my personal opinion; let’s wait and see how this deflation drama for Dogecoin unfolds!
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