Unveiling the Crazy Expansion of Dogecoin: Why Are People Still Buying It Despite 5 Billion New Coins Being Added Each Year?
$DOGE , this guy's method of increasing supply is quite unique, and it even has a bit of a relation to GPT! It is constantly printing new coins every minute, with ten thousand new coins every minute, totaling a whopping 5 billion new coins in a year. Based on the current price, this adds over 200 million dollars to Dogecoin's market value each year, although the increase is only about 3%, which isn't too significant, but everyone seems to be quite accepting of it. After all, $BTC is becoming less and less, while Dogecoin is becoming more and more.
Are these 5 billion new coins issued daily bit by bit or all at once?
Dogecoin's increase in supply is done gradually through the blockchain, not all at once. Every minute, a new block is born on the blockchain, containing 10,000 Dogecoins. Calculating this way, that’s 14.4 million new coins per day, which amounts to 5.256 billion new coins in a year.
This mechanism is indeed cleverly designed, ensuring that Dogecoin can add 5 billion coins every year.
This year, Dogecoin's market value has reached about 66 billion dollars, with 147 billion Dogecoins in circulation. Market value is calculated by multiplying the current price by the circulating quantity, and this circulating quantity is increasing every year because Dogecoin has no cap and will fixedly increase by 5 billion new coins each year.
Looking at the next ten years, Dogecoin's increase strategy will remain the same, with 5 billion new coins annually. After ten years, that totals to a full 50 billion new coins. By 2033, although the proportion of new Dogecoins in the total supply will shrink, the inflation rate will decrease, but the rewards for miners will still be sufficient, and the network can remain stable.
The crazy expansion of Dogecoin is actually its unique feature; unlike Bitcoin, Dogecoin has no cap and will fixedly increase by 5 billion new coins each year. This way, miners have rewards to earn, the network can maintain security, and transactions can proceed smoothly without becoming scarce due to fixed supply. Although this method is somewhat crazy, it also makes Dogecoin stand out in the cryptocurrency world.
In the next strategic direction, I will lead everyone to aim for high-profit opportunities in altcoins, with expected growth potential of over 10 times being quite feasible. Like and comment, and I will guide you through the entire bull market!
