It Takes 12 Bitcoin, 4 Million Cardano, or 11.4 Million Dogecoin to Reach $1 Million: Which Stack Is Easiest to Build?

Introduction

The cost of reaching $1 million in cryptocurrency varies depending on the chosen coin. Bitcoin, Cardano, and Dogecoin have different supply rules that affect their ease of use.

Supply and Distribution

Bitcoin has a capped supply of 21 million coins, with roughly 20.1 million already mined. This means that every Bitcoin holder owns a share of a nearly fixed total. Cardano has a set limit of 45 billion ADA, with about 37.6 billion currently in circulation. In contrast, Dogecoin has no cap and generates 10,000 new DOGE per block, adding about 5 billion new DOGE each year.

Accessibility

Bitcoin dominates accessibility through spot ETFs, pulling in $6.3 billion in Q3 versus just $15 million for Dogecoin funds. This makes it easier for investors to get started with Bitcoin. Dogecoin's low price may seem appealing, but it stems from its massive supply of about 156 billion DOGE.

Conclusion

While the number of coins held may seem irrelevant, the ease of building and maintaining a stack depends on the supply and distribution of each coin. Bitcoin's capped supply and accessibility make it the simplest stack to build and maintain, while Dogecoin's uncapped supply and low price may be misleading due to its high supply and dilution rate.