Price: $0.111424-hour gain: 14.09 percent Analysis Many DOGE investors booked profits in the late October bull run as we saw over 100% rally in just 10 days. Later, the price retracement phase turned into a bearish trend as DOGE price once again reached the two-month support level.
First and foremost, the supply of Dogecoin will never stop increasing. Every block (1 minute), 10,000 new Dogecoin are created. Although this trend is inherently inflationary, the amount of Dogecoin being created relative to its already circulating supply is decreasing over time. Because Dogecoin's supply is increasing by a constant amount, not a percentage, it means that its inflation rate is going down over time. What are DOGE key features and how does it work? Dogecoin is a digital currency created by software engineers Billy Markus (from IBM) and Jackson Palmer (from Adobe) and introduced in December 2013. The Dogecoin was created to serve as a fast and reliable payment system that would increase the efficiency of payments by eliminating banking fees. This cryptocurrency is generally used for tipping creators of digital content and people who share interesting content, or in fundraising. The mascot of the coin is based on the Shiba Inu, a Japanese breed of dog heavily used in the creation of memes.