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This is gonna hurt some feelings 😂⁠

BabaYaga

2022-01-24 (11:42:20)

Block user

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Did you know that Dogecoin has an unlimited supply and the richest 14 wallets hold together 46% 😳⁠
⁠
To put this into perspective: The top 2059 Bitcoin addresses together hold only 42%.⁠
⁠
I'm not saying that you shouldn't speculate on DOGE, but please have in mind that this market can collapse -95% in a single day and no one can do anything against it nor will anyone predict it!⁠

Reply 4

Catto Bibi_profile-image

2022-01-24 (13:04:32)

Block user
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Same goes with SLP. It's an unlimited supply and there's no burning mechanism for it aside for breeding Axies. But at least it has utility unlike Dogecoin.

BabaYaga_profile-image

2022-01-26 (04:39:47)

Block user

yes. that''s a red flag if you are planning to invest long term. but still it depends

2022-01-25 (00:52:48)

Block user
Reply

Scarcity increases value.

BabaYaga_profile-image

2022-01-26 (04:40:03)

Block user

yes. long term effect would make its value higher

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