Elon Musk again quoted Dogecoin on Twitter.
However, it can also be argued that any monetary inflation is necessary. Without inflation, Dogecoin holders will be encouraged to hoard their currency. This goes against the nature of Dogecoin.
Dogecoin trend analysis In the past year, the popularity of Dogecoin has been very stable. As you can see in the figure below, the currency even gained a surge in popularity for the search term "dogecoin". In September 2018, Google users were very interested in Dogecoin. There were some less obvious peaks in July and December. At the beginning of 2019, the popularity was about the same as in the same period in 2018
The combination of community generosity, PR campaigns and Doge's intrinsic value meant that Dogecoin became very popular in 2014. Before Dogecoin, it seemed that many early adopters were unfamiliar with cryptocurrencies, which provided a new community to guide the value of money without having to provide compelling stories in other currencies. Dogecoin shows that guidance can be successfully narrated with non-technology. Unfortunately, like many Internet phenomena, popularity has not continued and Dogecoin's exchange rate has fallen.
The top three decliners were BTG (-2.26%), ZIL (-1.83%), DOGE (-1.63%)
For Bitcoin, it is structurally less than 1 and is associated with the market pic.twitter/jx5CYVK6kV.
Popular implementations: Bitcoin, Ethereum, Litecoin, Dogecoin (most bitcoins)
And with the help of Reddit, the dog immediately went on fire. But over the past two weeks, Dogecoin has had dedicated blogs and forums with a market capitalisation of $8 million, once the world's seventh-largest electronic currency;
It's easy to get started with dog coins, supported by a variety of dog coins community and businesses, as well as easy for content creators to use. However, there are also a variety of dog coins-related projects and communities on the Dog Coin Central Community Reddit/R/dogecoin. "In the long run, I would like to see the dog currency become one of the three major currencies of the digital currency, " Nicholas Gauvreau, a developer at Voidspace, said in an interview. I also believe that if more people create businesses that receive dog coins, which will facilitate the circulation of the overall market for dog coins, we will bring long-term opportunities for dog coins. "
Good! Dogecoin just seized the opportunity. Many people use Dogecoin as a tip system for online forms because it is cheaper and faster than Bitcoin.