Why is Dogecoin so cheap?

Baby Doge Coin claims itself to be a hyper-deflationary token and an improved form of Dogecoin. With a supply of 420,000,000,000,000,000 or 420 quadrillion BABYDOGE [yes, that many], the meme coin holds a market cap of just $621 million .

You might be asking yourself, “how much Dogecoin should I buy?” Well, Dogecoin is almost certainly not a good investment in any traditional sense of good investing , but that might just be the reason to buy it. Dogecoin was created by software engineer Billy Markus in only 3 hours.

Dogecoin is cheap because the total number of coins in circulation is astronomically high . Each minute, 10,000 more coins are added to the Doge network by the miners. At this rate, 5.256 billion coins are added to the Doge network per year.