{"id":37595,"date":"2022-12-09T13:08:02","date_gmt":"2022-12-09T13:08:02","guid":{"rendered":"http:\/\/egrowonline.com\/?p=37595"},"modified":"2022-12-09T13:08:02","modified_gmt":"2022-12-09T13:08:02","slug":"mark-cuban-defends-dogecoins-infinite-supply-but-is-doge-a-good-investment","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=37595","title":{"rendered":"Mark Cuban Defends Dogecoin\u2019s \u2018Infinite Supply\u2019 \u2013 But is DOGE a Good Investment"},"content":{"rendered":"


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Mark Cuban Defends Dogecoin\u2019s \u2018Infinite Supply\u2019 \u2013 But is DOGE a Good Investment<\/h2>\n<\/p>\n
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by Market Trends<\/a> <\/span> December 9, 2022<\/a><\/span> <\/span><\/div>\n

\"Dogecoin\"\"Dogecoin\"<\/p>\n

Dallas Mavericks owner Mark Cuban defended Dogecoin inflation this week.<\/span><\/p>\n

Responding to a Tweet from CoinDesk, the Shark Tank investor and long-time Dogecoin fan <\/span>said<\/span><\/a>:<\/span><\/p>\n

\u201cIt\u2019s the fact that Dogecoin creates 5b a year that keeps the per coin price low, which makes it more accessible. This is exactly why people will buy physical products with Dogecoin and not with BTC and rarely with ETH. It\u2019s hard for someone with $100 to get excited about owning a fraction of BTC or ETH \u2013 it\u2019s easy with DOGE.\u201d<\/span><\/i><\/p>\n

Cuban\u2019s comments match Elon Musk, who in February praised \u2018inflationary\u2019 Dogecoin as it was this that separated DOGE from Bitcoin.<\/span><\/p>\n

Back in February 2021, Elon Musk said Dogecoin was not \u2018meaningfully so\u2019. In a podcast interview in 2022 Musk again noted Dogecoin inflation but said that it helped DOGE to keep a \u2018stable price\u2019.<\/span><\/p>\n

Curiously, Dogecoin co-founder Billy Markus has said that he constantly gets contacted by Dogecoin fans urging him to reduce the supply. Either that, or to change the Dogecoin code and make it deflationary. This is all because Dogecoin inflation helps to keep prices stable \u2013 which goes against the reason many people invest in DOGE.\u00a0<\/span><\/p>\n

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Is Dogecoin inflation a good thing for investors?<\/strong><\/h4>\n

First up, the bad news.<\/span><\/p>\n

Some 5 billion Dogecoin enters the supply each year. What this means for investors is that a $1 price every year requires $5 billion more investment to reach. Whereas a $1 DOGE needed a $130 billion market cap last year, next year this will be over $140 billion.<\/span><\/p>\n

This contrasts dramatically with fixed-supply tokens like Bitcoin, and hyper-deflationary tokens like EverGrow.<\/span><\/p>\n

EverGrow for example is becoming famous for burning almost 1% of its supply in a single month. This puts EverGrow on track for a $1 price likely before Dogecoin \u2013 even though EverGrow is worth $0.0000001 today.\u00a0<\/span><\/p>\n

You can read more about EverGrow here.<\/span><\/a><\/p>\n

Now for the good news. Because Dogecoin is inflationary, it should keep a more stable price than Bitcoin or EverGrow. This helps because it\u2019s not expensive to own a few DOGE, and there\u2019s not the worry that your DOGE could shoot up in price like Bitcoin and you kicking yourself you didn\u2019t hold on longer.<\/span><\/p>\n

In other words, if you love Dogecoin because you dream of the day crypto is used as an alternative to fiat \u2013 great!<\/span><\/p>\n

But if you love Dogecoin because you\u2019re expecting it to hit $1 and then $1,000 per DOGE like Bitcoin, you\u2019re probably in the wrong coin.<\/span><\/p>\n<\/div>\n

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Market Trends<\/a><\/h3>\n

Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe. <\/span> <\/span><\/p>\n

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Mark Cuban Defends Dogecoin\u2019s \u2018Infinite Supply\u2019 \u2013 But is DOGE a Good Investment by Market Trends December 9, 2022 Dallas Mavericks owner Mark Cuban defended Dogecoin inflation this week. Responding to a Tweet from CoinDesk, the Shark Tank investor and long-time Dogecoin fan said: \u201cIt\u2019s the fact that Dogecoin creates 5b a year that keeps […]<\/p>\n","protected":false},"author":1,"featured_media":37596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[3473,4106,291,3738,203,8666,874,1162,364],"class_list":["post-37595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-cuban","tag-defends","tag-doge","tag-dogecoins","tag-good","tag-infinite","tag-investment","tag-mark","tag-supply"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/Dogecoin-to-the-Moon-Can-Elon-Make-DOGE-the-Next-Crypto-King-in-2023.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37595"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37595\/revisions"}],"predecessor-version":[{"id":37597,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37595\/revisions\/37597"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/37596"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37595"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}