Chainalysis Report: 37 Billion Dogecoin Is Owned By Only 31 Investors
| Aug 2021 | Jefferies | Upgrades |
|---|---|---|
| Aug 2021 | KGI Securities | Initiates Coverage On |
| Jul 2021 | DZ Bank | Upgrades |
Who owns the most Dogecoin?
The top account, with the address ‘DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L’, currently holds 36,711,943,025 DOGE – or 28.28% of all Dogecoin. This has a value of over $13.65 billion at the time of writing.
Does Elon Musk own Dogecoin?
This week, Musk said that he personally owned bitcoin, ethereum and dogecoinpouring cold water on fan theories he held a rival memecoin shiba inu, branded the “dogecoin killer.”
Who owns all the Dogecoin?
| Dogecoin | |
|---|---|
| Developer(s) | Billy Markus (“Shibetoshi Nakamoto”), Michi Lumin, Ross Nicoll |
| Source model | FOSS |
| License | MIT License |
| Website | https://dogecoin.com/ |
Who controls the supply of Dogecoin?
However, the meme-based digital coin remains largely concentrated in a few hands. A gargantuan sum of DOGE 106 billion, comprising 82 percent of the supply, is held on-chain by only 535 entities. These entities hold over DOGE 10 million each.
Does Elon Musk like Dogecoin?
Tesla CEO and SpaceX founder Elon Musk is bullish on Dogecoin. Musk, world’s most wealthiest man, calls it “people’s crypto.” Musk explained the reasoning behind his support for Dogecoin: Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge.
Who owns 28% Dogecoin?
One whale
Big Doge: One whale owns 28% of all Dogecoin $28b worth.
Is it worth investing in Dogecoin?
Dogecoin’s popularity makes it so
Given the speculative nature of cryptocurrency, popularity alone is critical. As for valuation, Dogecoin is worth what it’s worth because others believe the token will increase in value.The return DOGE has provided investors over the past year alone is a staggering 9,000%.
How many Dogecoins are left?
There are more than 130 billion DOGE at the time of writing. That number will continue to rise at a rate of 10,000 per minute forever. Dogecoin’s creators decided to let the currency be an inflationary one to encourage DOGE tipping and other transaction-based uses.
Is Dogecoin going to get big?
The total number of Dogecoin in circulation will rise by 4.1% in 2021, but only 3.9% in 2022. Dogecoin inflation will be 3.5% in 2025, 3.0% by 2030, 2.3% by 2040, and 1.9% by 2048.
Does Mark Cuban own dogecoin?
Cuban upped his Dogecoin investment because it’s fun
The Dallas Mavericks owner is no stranger to Dogecoin dabbling. He bought DOGE for his son in January because he views it as a fun and educational way to learn about investing. But he’s never viewed it as a serious addition to his portfolio.
What did Elon Musk said about dogecoin?
Tesla chief Elon Musk said that cryptocurrency Dogecoin fees would need to fall for it to become more widely used in retail purchases. Super important for Doge fees to drop to make things like buying movie tix viable,” Elon Musk tweeted.
How many dogecoin does Elon Musk own?
As of June 2021, the wallet in question holds over 2,500,000 DOGE. Despite this, there is no way to know for certain if this really is Musk’s wallet. Indeed, Musk could also own multiple wallets.
Is Dogecoin better than Bitcoin?
Why Dogecoin wins over Bitcoin
Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down, he said on Twitter. He added that low fees and high volume are needed to become the currency of Earth, again favouring Dogecoin.
Can Dogecoin be mined forever?
There is an unlimited amount of DOGE left to be mined. Just like U.S. dollars or any other national fiat currency, there’s no upward limit on the creation of Dogecoins.
What did Mark Cuban say about dogecoin?
Mark Cuban said ethereum has the “most upside” in the crypto world, CNBC reported. The billionaire investor said dogecoin is “fun” and educational. The meme-inspired coin also has the best use-case for buying goods and services, he said previously.
What’s the highest dogecoin can go?
The current market cap of DOGE at the time of writing is about $37 billion.
Who got rich from bitcoin?
Erik Finman became a millionaire after investing $1,000 in bitcoin when he was 12. Glauber Contessoto invested all his savings in dogecoin on Feb. 5 and by mid-April, his investment was worth more than $1 million, he told CNBC Make It.
Who owns most bitcoin?
The United States has 2.74 crore crypto owners, followed by Russia (1.74 crore) and Nigeria (1.30 crore). This also has to do with the population. Despite a vast base of crypto owners, India sits at fifth spot when it comes to crypto owners as a percentage of the total population.
Will PayPal accept dogecoin?
That’s a big deal: PayPal’s support of crypto payments is a momentous step toward mainstream adoption. But once again, Dogecoin didn’t make the cut. Currently, PayPal’s platform supports just four digital currencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Who has the highest dogecoin wallet?
Top 10 wallets have 42.54 % of All DogeCoins
| # | Wallet | (%) |
|---|---|---|
| 1 | DBs4WcRE7eysKwRxHNX88XZVCQ9M6QSUSz Moving Whale ! First time spent: April 12, 2021 | 23.41% |
| 2 | DRSqEwcnJX3GZWH9Twtwk8D5ewqdJzi13k | 4.12% |
| 3 | DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG | 3.80% |
| 4 | DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L | 3.11% |
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