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Does Dogecoin have a circulation cap?

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Does Dogecoin have a circulation cap?

Dogecoin does not have a supply cap like other cryptocurrencies, such as Bitcoin with its capped supply of 21 million coins. Dogecoin instead deliberately has a stable, “deterministic inflation” rate of 10,000 Dogecoin per block, with a block time of one minute.

Does Dogecoin have a max supply?

Dogecoin has an infinite supply meaning that the cryptocurrency isn’t designed to offer a store of value. It is however used as a means for tipping on content based platforms like Reddit and Twitter.

Is Elon Musk backing dogecoin?

Tesla CEO Elon Musk has long supported dogecoin. Elon Musk said he agrees with Mark Cuban that dogecoin is a strong medium of exchange. Cuban’s Dallas Mavericks accept dogecoin, and he praised the token’s strong community.

Why does Mark Cuban like Dogecoin?

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He said he expects the number to go “much higher” as the season starts. Talking to Fox Business, Cuban has now said people use Dogecoin to buy Mavericks merchandise “really because it’s easy to spend and it doesn’t appreciate so much that people would want to hoard it forever”.

How many Dogecoins are in circulation?

As of May 21, there are currently over 129 billion Dogecoin in circulation according to CoinMetrics. The Total Market Cap is currently at just over $50 billion. When compared to other coins and tokens, no other cryptocurrency has more in circulation than Dogecoin.

How big is Dogecoin’s market cap?

The Total Market Cap is currently at just over $50 billion. When compared to other coins and tokens, no other cryptocurrency has more in circulation than Dogecoin. Stellar (XLM) is currently the closest, with a supply of 105 billion. In comparison, there is currently just over 18.5 million Bitcoin (BTC) in circulation.

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How much Dogecoin is left?

How much Dogecoin is left? In addition to the 113 billion Dogecoins that have already been mined, another 14 billion Dogecoin is yet to mined. In 2021, there’s estimated to be a supply of 127…

What will happen to Dogecoins after 100 billion are created?

“The goal for the currency is to keep approximately 100 billion coins in circulation – thus after 100 billion Dogecoins are created, rewards will continue at 10k each block. This will help maintain mining and stabilize the number of coins in circulation (considering lost wallets and various other ways coins may be destroyed) at 100 billion.”