Dogecoin deflation, DOGE price is about to soar?
The Dogecoin circle exploded, and one of the founders, Billy Marcus, broke the news on the X platform: Dogecoin is going to deflate! This news has set off a huge wave in the currency circle like a storm. However, the authenticity of the news is still to be determined and needs to be confirmed by the official.
Deflation, in simple terms, is to make money more valuable. For example, before 10 yuan could buy a small cake, after deflation, it can be bought for 5 yuan, and the purchasing power of money has become stronger. If Dogecoin wants to deflate, developers need to submit key content on GitHub and obtain the consent of community members and miners. After all, this is everyone's "baby".
At present, there are 146.78 billion Dogecoins in circulation, and the rule of increasing 5 billion coins each year has been gradually terminated. This is different from the macro-regulated Bitcoin. Dogecoin is theoretically in continuous supply. But Billy Marcus said that Bitcoin can also change, and it also indicates that Dogecoin may be more reliable than the base currency in the future.
I hope that deflation will succeed and Dogecoin will become scarce. But the key to success lies in the community and miners. What will happen if there is deflation? Wait and see, maybe Dogecoin will paralyze the currency circle. In addition, Musk hinted at the value of TITS in the X platform chapter, saying that the time may have come. If it comes true, TITS may bring more application scenarios to Dogecoin and increase its value. At the same time, the eye-catching whales have been buying DOGE crazily recently. On December 27, a whale spent $90 million to buy it; on December 31, another whale bought 300 million coins at a bottom, worth more than $96 million.
Foreign exchange On January 20, Trump took office, and the expectation of the increase in Dogecoin is likely to be Musk. The subsequent heat hype continues. Regardless of deflation or not, Dogecoin's future performance is optimistic. Let us look forward to it together.
