Dogecoin: A miraculous journey in the tide of increased issuance, are you ready?

Going back to 2013, the birth of Dogecoin was the brainchild of two wise men, Billy Markus and Jackson Palmer. At that time, the price of one Dogecoin was just $0.00059, so cheap it was hard to believe. Markus even exchanged Dogecoin for a used Honda Civic, which was not only a preliminary recognition of Dogecoin's value but also a vision of the limitless possibilities of digital currency in the future.

Today, Dogecoin is thriving in the trading market, with major exchanges like Binance incorporating it into their offerings. However, behind the prosperity, the distribution of holders is quite concentrated, with the top ten holders accounting for over 42% of the market share, leaving the remaining people to share a piece of the limited pie. This is both a testament to Dogecoin's popularity and a test for investors' strategies.

However, Dogecoin's journey has not been smooth sailing, with loss and dormancy becoming challenges it must face. Statistics show that 11.2% of Dogecoin has forever disappeared into the fog of the digital world, equivalent to a massive loss of 200 billion coins. Additionally, 19% of Dogecoin has been dormant in wallets for over a year, totaling 380 billion coins, as if they are waiting for a moment to be awakened.

When mentioning Dogecoin, one cannot overlook Elon Musk, the legendary figure in the tech world. A single sentence from him can stir up huge waves in Dogecoin's price. From the ambitious declaration of 'sending Dogecoin to the moon' to the price surge triggered by the acquisition of Twitter, and even the 30% increase caused by changing Twitter's profile picture, Musk seems to possess a magical ability to control Dogecoin's price.

In the payment field, Dogecoin also shines brightly, appearing in over 100 countries worldwide. Musk's promotional effects spread like a virus, attracting even high school girls and KTV hostesses to join the Dogecoin investment army. Dogecoin's popularity has even surpassed that of some established digital currencies, becoming the first choice for many entering the cryptocurrency world.

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