By Mezisar - 08.03.2020
Dogecoin will never go up
It might reach $ also if it doesn't come across any turbulence. Dogecoin price prediction suggests that the Dogecoin price is up for a. Dogecoin was a made up crypto currency, it gained popularity due to soaring trend According to me above is never gonna happen unless whole world forgets.Why you should be stacking dogecoin!
Interesting chart but could you explain how you are calculating inflation? Dogecoin reward halves every other month until mid saalweachter on Feb 2, Sorry; I was just working off the "5 billion coins a year" title.
I am just taking the number of new coins dogecoin will never go up in a year, dogecoin will never go up dividing it by the number of coins already in the money supply. The truly important difference is that Bitcoin has an absolute upper limit, but Doge doesn't anymore.
It matters. Scarcity is dogecoin will never go up important factor for holding value.
Bitcoin will eventually become deflationary, and sooner than you think due to loss of bitcoins. I could see dogecoin being deflationary as well, but in a "price deflation" sense.
Dogecoin could also become deflationary. If 6 billion dogecoins worth of value is created in a year and only 5 billion coins to match that increase in value, the economic value of goods created link that of the coins created.
As a result, you have more goods chasing relatively fewer coins, increasing the value of the coin. In other words, less dogecoin gets you more stuff so you actually have price deflation.
That's because more goods were chasing relatively fewer gold-backed dollars. Monetary inflation coupled with price deflation. They believe that 5 billion coins fall out of circulation each year; therefore they intend to mint 5 billion new dogecoin will never go up to keep the money supply constant at billion coins.
Therefore the Dogecoin money supply after will be constant: the number of coins in circulation will remain approximately billion, and the value will only increase or decrease as the demand for the currency moves.
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