Dogecoin: Continuous issuance, steady market value increase, Elon Musk's words take you to play in the crypto world!

Dogecoin, this guy is generating new coins every minute, and by the end of the year, it can add up to 5 billion coins! But guess what? Even though new coins are issued so frequently, its market value only increases a little each year, around 200 million dollars.

Speaking of Dogecoin, we have to go back to 2013, when Billy Markus and Jackson Palmer, these two big shots, teamed up to create it. At that time, Dogecoin was extremely cheap, only a few cents per coin, and you could even mine it. I heard Markus even exchanged Dogecoin for a second-hand car!

Now, Dogecoin is quite popular in the trading market, with major platforms like Binance trading it. However, the holders are quite concentrated, with the top ten holders accounting for over 42%, leaving the rest to share a little soup.

Dogecoin also has a problem: it's easy to lose. Statistics show that 11.2% has already been lost, which is 200 billion coins! Additionally, 19% of Dogecoin is lying dormant in wallets, not moving for over a year, which amounts to 380 billion coins.

But the real highlight of Dogecoin is Elon Musk. This guy can make the price of Dogecoin soar with just one sentence. For example, when he said he would send Dogecoin to the moon, the price immediately jumped by 238%! When he acquired Twitter or changed his Twitter avatar, Dogecoin followed suit and rose. He also promotes the use of Dogecoin, such as using it to subscribe to Twitter or to pay for SpaceX and Tesla merchandise, resulting in another wave of price increases. Of course, Musk can also be unreliable at times; once he called Dogecoin a scam, and the price immediately dropped by 34%. But the market always fluctuates; later, Dogecoin rose back again, with the price multiplying several times.

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