As a
cryptocurrency enthusiast, I'm curious to understand the fundamental supply dynamics of Dogecoin, colloquially known as DOGE. Could you elaborate on the current supply of DOGE and how it's structured? I've heard that Dogecoin has an infinite supply, but I'm wondering if there are any caps or limits in place that might affect its long-term value. Understanding the supply mechanism is crucial for investors to make informed decisions, so I'm eager to gain insights from your professional perspective.
7 answers
Raffaele
Thu Jul 04 2024
This figure represents the total number of DOGE coins that are actively being traded and used within the ecosystem.
CryptoElite
Thu Jul 04 2024
The current market capitalization of DOGE stands at a significant figure of $173.55 million USD.
BonsaiBeauty
Thu Jul 04 2024
It's worth noting that DOGE has a max supply of 144.76 billion coins.
SakuraSmile
Thu Jul 04 2024
This maximum supply cap ensures scarcity and helps maintain the value of the coin over time.
CryptoPioneerGuard
Thu Jul 04 2024
This value is calculated by multiplying the total number of coins in circulation with the prevailing market price.