Cryptocurrency

Dogecoin

Elon Musk

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 <p class="paragraph">Dogecoin (DOGE) was a huge success in 2021’s bull market. Going up in ranks while investors from all over the world turned their heads to the first memecoin in the cryptocurrency space.</p>
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 <p class="paragraph">Despite a downtrend from its all-time high that is yet to break out, Dogecoin still holds a strong and supportive community of DOGE owners. The most notable supporter is the multi-billionaire Elon Musk, whose support sparked its rally two years ago.</p>
 <p class="paragraph">Currently, out of all the Dogecoin holders, more than 3.83 million crypto wallet addresses own at least 1 Dogecoin, at $0.067 per DOGE by press time.</p>
 <p class="paragraph">It is important to say that Dogecoin is a pseudonymous blockchain, and one single individual can control multiple addresses without a known link between them. Therefore, it is factually impossible to know how many <a rel="noopener noreferrer nofollow" title="people" href="https://thebittimes.com/tag/people.html">people</a> own the memecoin.</p>
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 <p class="paragraph">Notably, data from <em>BitInfoCharts</em> on November 1 shows that these 3.83 million addresses own 141.68 billion Dogecoin. Notably amounting to around $9.5 billion of owned DOGE.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="408" src="https://cdn.thebittimes.com/images/2023/11/01/bb2e7321876835761b9ba933cc5f47d9.webp" alt class="wp-image-135043" srcset="https://cdn.thebittimes.com/images/2023/11/01/bb2e7321876835761b9ba933cc5f47d9.webp 1024w, https://cdn.thebittimes.com/images/2023/11/01/bb2e7321876835761b9ba933cc5f47d9.webp 300w, https://cdn.thebittimes.com/images/2023/11/01/bb2e7321876835761b9ba933cc5f47d9.webp 768w, https://cdn.thebittimes.com/images/2023/11/01/bb2e7321876835761b9ba933cc5f47d9.webp 1536w, https://cdn.thebittimes.com/images/2023/11/01/bb2e7321876835761b9ba933cc5f47d9.webp 1712w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Dogecoin rich list. Source: <em>BitInfoCharts</em>
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 <h2 class="wp-block-heading" id="h-dogecoin-population-is-similar-to-berlin-in-germany"><strong>Dogecoin population is similar to Berlin in Germany</strong></h2>
 <p class="paragraph">Interestingly, if we considered the number of addresses as the Dogecoin population, the number of <a rel="noopener noreferrer nofollow" title="people" href="https://thebittimes.com/tag/people.html">people</a> who own at least 1 DOGE would be equal to capital cities such as Berlin in Germany, with around 3.67 million population.</p>
 <p class="paragraph">This memecoin population owns around $9.5 billion in value by press time, which is 18 times lower than Berlin’s GDP of around $171.77 billion (€162.9 billion euros).</p>
 <p class="paragraph">However, this capital is concentrated in an even smaller number of <a rel="noopener noreferrer nofollow" title="people" href="https://thebittimes.com/tag/people.html">people</a> who own Dogecoin. It is well-known that one single entity usually owns more than one wallet address.</p>
 <p class="paragraph">Besides that, the previously mentioned rich list indicates that the top 13 addresses own more than 25% of all Dogecoins available, worth approximately $2.45 billion.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/how-many-people-own-1-dogecoin-tbt68685.html">https://thebittimes.com/how-many-people-own-1-dogecoin-tbt68685.html</a></p>

How many people own 1 Dogecoin?

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