![]() If a cryptocurrency has a fixed maximum supply, then it is seen as being deflationary. Investors in the early days took part in a significant debate that helped shape what the coin was and would become – should Dogecoin set a limit on how many coins were mined, or should it continue to create new DOGE indefinitely? Cryptocurrency parodyĮven when it was launched, basically as a parody of the new and somewhat bewildering world of cryptocurrency, DOGE had its fans who were determined to take a hand in helping boost Dogecoin price forecasts. ![]() On the other hand – and this is something that can have a very real impact on the Dogecoin price – there is no theoretical limit when it comes to DOGE. When the 21 millionth BTC is mined, that is it: there will be no more new bitcoin entering the market. Something that makes DOGE a little different from, for instance, bitcoin is that there is no limit on how many Dogecoin there can be. The foundation aims to both promote and support the crypto, as well as define a roadmap for its future development.ĭOGE uses a proof-of-work (PoW) consensus mechanism, meaning that every time a new block is added to the Dogecoin blockchain, more DOGE enters the market. It was set up in 2013 largely as a joke, but after garnering attention following mentions from the likes of Elon Musk, the coin re-established itself as the Dogecoin Foundation. But what will happen to it in the future? What is the Dogecoin price prediction for 2025? Let’s take a look at DOGE and see if we can find out.ĭogecoin is pretty much the original meme coin. ![]() Last year, Dogecoin evolved from being little more than a well-known meme to announcing it was ready for serious business.
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