As Elon Musk’s favorite meme coin, Dogecoin has become one of the most popular digital currencies globally. Some direct quotes from Elon Musk about Dogecoin on social media are provided. Who would have thought that a digital currency created as a joke from the Bitcoin frenzy could capture global attention and evolve into a $24 billion project? If you are trading or mining Dogecoin today, congratulations—you are shaping a billion-dollar ecosystem! Dogecoin has an unlimited supply, encouraging people to use it rather than just hold it. DOGE is released through the Proof of Work algorithm, where miners confirm and record transactions through extensive computations to receive new DOGE. Currently, 14.4 million new DOGE are added daily to the network. Dogecoin’s circulating supply has reached 148.39 billion, with each DOGE priced at $0.1713. Despite being a billion-dollar project, DOGE’s price per unit remains affordable compared to Bitcoin and Ethereum.
