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Dogecoin price drops 8.1% in a week amid ongoing daily issuance of 13.55 million new coins

Market News
08 Oct 2026
CryptoTicker
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Bearish
Dogecoin price drops 8.1% in a week amid ongoing daily issuance of 13.55 million new coins

Dogecoin's price fell to $0.087, down 8.1% over the past week, while the network continues to issue 13.55 million new DOGE daily, increasing supply by about 2.9-3.2% annually. Unlike Bitcoin, Dogecoin has no cap or halving mechanism, leading to ongoing dilution for holders. This inflation requires consistent new demand to maintain price levels, and Dogecoin lacks staking rewards to offset dilution, unlike Ethereum. Investors should also consider tax implications in Germany, where gains are tax-free after one year of holding.

Dogecoin's network inflation contrasts with the broader cryptocurrency market's performance snapshot on Pluang. As of Oct 08, 2026 22:21 WIB, only 8 of 50 major cryptocurrencies rose while 41 fell. Among notable movers, ONE dropped 6.36% to Rp37 with a typical hold time of 152 days and a buy order share of 56%, MANA fell 6.13% to Rp1,669 with 82% buy orders, and DOT declined 6.01% to Rp18,436 with 65% sell orders.

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