$DOGE #dogeFrom 2021 to 2024, the number of dog wallets has increased by 2 million, so it is currently deflationary. There are currently 7 billion people in the world, with 500 million buying cryptocurrencies. The upcoming bull market in 2025 is expected to bring over 100 million people into the crypto space. Under Elon Musk's promotion, doge will continue to deflate. Musk's Twitter account has 200 million followers, and as long as he continues to tweet about doge, the number of doge holders will reach 20 million, causing the price of doge to break through $5.
In May 2021, the highest number of doge accounts reached 5.3 million, with a total of 127.3 billion doge.
On average, each account held 23,339 doge.
By November 2024, the number of doge accounts is expected to reach 7.1 million, with a total of 147 billion doge.
Each account will hold 20,704 doge.
Here you will find that this data is very important; doge is completely in a deflationary state with supply exceeding demand.
Before 2024, there were fewer than 2 million doge accounts.
It is expected that by 2025, the number of doge accounts will reach 10 million, at which point the average account will only have 15,000 doge. Many are shouting that the price will be $1 in 2025, but in reality, the demand will far exceed 150 billion, and the price will challenge $2.