$DOGE

Dogecoin is making big moves again! I heard they're going to try a new deflationary twist this time, which is really eye-catching!

One of the founders of Dogecoin, Elon Musk, recently dropped a big news on social media, saying that Dogecoin is going to become a deflationary currency. As soon as this news came out, the entire cryptocurrency community was abuzz, and everyone was discussing it.

Deflation, in simple terms, means money becomes more valuable. For example, if you used to buy a small cake for 10 bucks, after deflation, 5 bucks would be enough. For Dogecoin to achieve deflation, they need to change the code, and that's not a small matter; it requires the agreement of community members and miners.

Currently, there are quite a few Dogecoins circulating in the market, with 146.78 billion of them, and 5 billion new ones added each year. Although the yearly addition is fixed, as the total amount increases, the growth rate slows down.

Musk also mentioned that the rules of Bitcoin aren’t set in stone either; they can be changed if everyone agrees. He even boldly predicted that Dogecoin's design might turn out to be more reliable than fiat currency in the future! If this strategy really works, Dogecoin is likely to become popular again; let's wait and see.

The New Year is approaching, and it's the last chance to make money for the prosperous year!!!

Let’s strive to help all fans have a great New Year!

Catch up quickly

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