Dogecoin (DOGE)

Dogecoin (DOGE) is a popular meme coin.

According to its official website, Dogecoin (DOGE) is "an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide". If you are not much of a dog lover, Shiba Inu is a breed of hunting dog from Japan.

Dogecoin is often described as a "playful" cryptocurrency that uses the Shiba Inu internet meme as its mascot.

DOGE has an interesting history. In 2013, Jackson Palmer, an Adobe Australia employee, tweeted that he is "investing" in an imaginary crypto called Dogecoin. Some of his friends actually encouraged him to create it as a real crypto. Jackson booked the domain name and partnered with Billy Markus to make the crypto.

This was around the time when Bitcoin was being highly criticized for being favored by criminals and dark-web platforms like Silk Road. The creators felt that a light-hearted cryptocurrency around a meme dog would be a good contrast to the negative image of bitcoin.

The co-founders left the project several years ago.

Dogecoin starting picking up in 2020 primarily because of TikTok influencers. Then in 2021, it got a lot of attention from the Reddit community and Elon Musk.

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