What is the impact of Dogecoin's unlimited supply on its value?

1 answers

• Nov 24, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that the unlimited supply of Dogecoin does have an impact on its value. The fact that there is no cap on the number of Dogecoins that can be mined means that the supply can continue to increase indefinitely. This can potentially lead to inflation and put downward pressure on the price of Dogecoin. However, it's important to note that the impact of the unlimited supply is not the only factor that determines Dogecoin's value. Factors such as demand, market sentiment, and overall adoption also play a significant role in shaping its value. So while the unlimited supply can have an impact, it is just one piece of the puzzle.
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