Many cryptocurrencies like bitcoin (BTC) have a set number of tokens that can be mined. And so, once the limit approaches, it becomes increasingly harder for investors to mine more tokens. However, as per Newsweek, there can only ever be a maximum of 21 million Bitcoins (estimated to be reached by 2040) that can be mined. Dogecoin, on the other hand, is different. The cryptocurrency has no limit to how many DOGE tokens can be mined, as per Coindesk.
As DOGE is listed on most exchanges, it also seems to be supported by most crypto wallets and has a liquid market. Dogecoin's newfound fame can also be partially credited to the owner of SpaceX and Tesla, Elon Musk who has been promoting the crypto currency extensively on his Twitter profile. It is also said that Tesla might take cryptocurrency as a mode of payment. Apart from this, the South African billionaire had even claimed a while ago that he bought some DOGE tokens for his son X Æ A-12 so that he can "be a toddler hodler".