   
Elon Musk, the richest man in the world and soon to be employed by the US governmentposited on X that the inflationary model of the OG meme coin is a “feature, not a bug.”
Musk was responding to a recent tweet from Dogecoin co-creator Billy Markus (aka Shibetoshi Nakamoto) telling developers how to change the crypto’s tokenomics.
Unlike other top cryptocurrencies like Bitcoin or Ether, Dogecoin, the sixth most valuable cryptocurrency with a market valuation of $58.7 billion, has an infinite supply: at least 10,000 new Coins are created every minute. It’s worth just under $3,900. As it is a fixed number of tokens, its percentage of the total supply steadily decreases over time.
Markus responded to repeated questions from the Dogecoin community about the asset’s inflation rate by referring to his GitHub code, specifically line 146. He pointed out that those who want to change Dogecoin’s tokenomics could change the code, “make a pull request (and) convince the community and miners to use the new version.”
“Now stop bothering me with this,” he added.
& nbspHowever, Tesla/SpaceX CEO Elon Musk praised the model as it currently stands, saying: “I think Dogecoin flat inflation, meaning a decrease in inflation percentage, is a feature, not a bug.”
https://twitter.com/elonmusk/status/1856735349952688323
Markus agreed that Dogecoin’s consistent and predictable inflation, with the percentage declining well below the dollar, positions the meme coin as a more practical digital currency for everyday transactions. The lower prices per coin make it more accessible to users compared to BTC and ETH.
Musk’s public support for Dogecoin’s inflationary model follows his official speech. appointment as co-head of the new Department of Government Efficiency (DOGE), alongside pro-crypto entrepreneur Vivek Ramaswamy in the Trump administration. The newly created agency plans to reduce “waste and fraud” in the US government’s $6.5 trillion in spending and has the same acronym as memecoin.
Notably, Dogecoin soared to $0.4289 following Musk’s latest remarks, its highest level in three years, according to CoinGecko.
Dogecoin Achieves Golden Cross That Sparked 7,000% Rally in 2021
Since Donald Trump’s presidential victory on November 6, the price of DOGE has seen a meteoric rise, jumping more than 145% since Election Day.
Meanwhile, popular crypto trader Mikybull is still discussing the potential impact of the flashing golden cross on Dogecoin’s weekly chart. The so-called golden cross is a bullish signal for the uninitiated when the 50-week moving average exceeds the 200-week moving average.
As Dogecoin soared nearly 7,000% in 2021 after completing the Golden Cross, the analyst is predict a market cycle peak of around $1-$3 for DOGE – around 1,135% – based on the exponential decay law.