Cryptocurrency Q&A Is doge deflationary?

Is doge deflationary?

Sofia Sofia Thu Nov 21 2024 | 5 answers 987
I've been hearing a lot about cryptocurrencies and their economic models. One term I've encountered is 'deflationary'. I'm wondering if Doge, which is a cryptocurrency I've invested in, follows a deflationary model. Is doge deflationary?

5 answers

Carolina Carolina Fri Nov 22 2024
The inflationary nature of Dogecoin sets it apart from Bitcoin and other cryptocurrencies that aim for scarcity.

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DavidJohnson DavidJohnson Fri Nov 22 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions.

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JejuSunshine JejuSunshine Fri Nov 22 2024
Dogecoin adopts a fundamentally different economic model compared to Bitcoin.

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GangnamGlitzGlamourGloryDays GangnamGlitzGlamourGloryDays Fri Nov 22 2024
While Bitcoin has a finite supply cap of 21 million coins, Dogecoin operates on an inflationary model.

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Lorenzo Lorenzo Fri Nov 22 2024
This means that Dogecoin's supply is not limited and will continue to increase over time.

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