Exciting times for cryptocurrency enthusiasts return as Elon Musk re-enters the spotlight. The billionaire, a prominent supporter of Dogecoin 
$0.398161, recently sparked a surge in the coin’s price by discussing it once again. This renewed attention has left many investors eagerly anticipating future developments.
Insights on Dogecoin (DOGE)
Today, Elon Musk remarked that Dogecoin’s fixed inflation rate serves as a beneficial trait for its long-term viability. His response to Dogecoin’s co-founder triggered an uptick in the price of DOGE. Shibetoshi Nakamoto (@BillyM2k) had previously suggested a code modification for those wanting to eliminate Dogecoin’s inflation.
“If you want to remove Dogecoin’s inflation, the code is here.
You can find the code to edit on line 146, change 10000 * COIN to something else, and then create a pull request to convince the community and miners to use the new version. Please stop bothering me about this.”
Musk responded to this tweet, stating, “I believe Dogecoin’s steady inflation, which means decreasing percentage inflation, is not a flaw but a feature.” Following this, Billy agreed, saying, “For something designed as a currency, I concur it is ideal. A declining percentage with stable predictable inflation is much lower than the dollar.”
“I agree that it is ideal for something designed as a currency. Stable predictable inflation with a decreasing percentage is much lower than the dollar.”
Their comments seem to highlight the merits of Dogecoin as a currency. Both Billy and Elon Musk praised DOGE for its inflation characteristics and potential for price growth.
