The mainstream cryptocurrency mechanism in the market is now mainly based on deflation. For example, BNB, the project department regularly repurchases and destroys it, which has also caused BNB to increase thousands of times from 2017 to now.
DOGE is one of the few inflationary cryptocurrencies in the currency circle. It started with 100 billion coins and issued 5 billion coins each year. At the current price, the market value of the annual increase is about 5 billion yuan. You should know that many new currencies have not issued a market value of 5 billion yuan, which is why most people are not optimistic about DOGE.
However, with the growth of population, the continuous loss and reduction of deflationary currencies such as BNB cannot meet human transaction needs. Only the mechanism of DOGE-like micro-inflation can meet transaction needs. Human civilization with multiple galaxies and a growing population needs a currency with continuous micro-inflation. This is also one of the reasons why Musk likes the DOGE mechanism.
Just sharing opinions, not investment advice, don't blame me if you lose money without thinking about it.
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