Should there be a halving event for dogecoin?

[Nurudeen]

I don't think they normally do halving for any small project. The last halving that took place in the crypto currency exchange Business was done on Bitcoin and I think that was two years back

 

[Kelly5]

The Dogecoin is already like a coin trying to fight to redeem itself and you're talking if halving it? If that happens, to what advantage will that be to the Dogecoin

 

[Snazzy001]

We all know how good we all wanted not dogecoin to be and honestly if that is all it takes for it to maintain its value in the cryptocurrency space, then you should halve the event

 

[BrolySSJ]

So dogecoin is also a crypto currency I believe there should be an halfing event for it too every four years but since its unlimited , I don't think the growth of dogecoin can be halt due to the unavailable halfing event.

Hopefully in future developments within this cryptocurrency if they decide to actually stop the unlimited supply in order to try and allow the cryptocurrency to reach its full potential which I think is being severely hindered right now.

 

[Planbizzle]

It is also worth noting that halving events can have a huge effect on the value of a cryptocurrency, with some experts forecasting that the subsequent halving will cause the coin's price to skyrocket.

Most of the coins in the cryptocurrency space are able to combat inflation and increase their value as well through the halving event that generally happens every four years. Of course this time line can change depending on the coin that you are looking at, however or Bitcoin (using this as a reference) it is 4 years. This increases the difficulty with which to mine the currency and therefore slows down the new supply into the market, managing the supply and increasing its value. It is a great way for the value of a coin to soar.

Dogecoin on the other hand has no halving event as there is an unlimited supply. This can halt the growth of the value of the coin. Do you think that there should be a halving event in dogecoin?

 

[Mayorla]

Yes, I think there should be an halving event for Dogecoin. In my own perspective, I think Dogecoin's supply is very high. If there's an halving event for Dogecoin, Then I expect a positive impact on the price of Dogecoin.

 

[Monster Masterpiece]

Yes, I think there should be an halving event for Dogecoin. In my own perspective, I think Dogecoin's supply is very high. If there's an halving event for Dogecoin, Then I expect a positive impact on the price of Dogecoin.

It depends from many factors but the dogecoin supply could be decreased over the time since the coin is losing its value and in terms of transactions so anyway it depends from his value next coming days.

 

[Mayorla]

It depends from many factors but the dogecoin supply could be decreased over the time since the coin is losing its value and in terms of transactions so anyway it depends from his value next coming days.

Yes, it depends on many factors. But Generally, when there is a decrease in supply, The price of such cryptocurrency will tend to increase if there's an increase in demand. Yes, the coin is truly losing its value and the initial trust Crypto Enthusiast have.