Introduction

Dogecoin (DOGE) is a cryptocurrency created in 2013, known for its playful and community-oriented nature. It originated from the Doge internet meme featuring a Shiba Inu dog and was initially launched as a joke alternative to more serious crypto projects.

Despite its humorous origins, Dogecoin has grown into one of the world's most recognized cryptocurrencies with a market cap in the billions. It's often called "the internet's own currency" due to its casual image and friendly community.

History and Origins

Dogecoin was created by Billy Markus (an IBM software developer) and Jackson Palmer (from Adobe's marketing team) in late 2013. They wanted to create a fun, accessible digital currency that would parody the cryptocurrency scene.

Dogecoin was launched on December 6, 2013, and within weeks became an internet phenomenon. The website attracted over a million visitors in its first month.

Technology

Elon Musk and Celebrity Influence

Technology entrepreneur Elon Musk has brought Dogecoin into the spotlight with numerous tweets. He's called Dogecoin "the people's crypto" and even joked about being the "Dogefather."

Musk's Tesla sells some merchandise for Dogecoin, and SpaceX announced a Dogecoin-funded satellite mission to the Moon.

Where to Buy Dogecoin

Dogecoin is available on most major cryptocurrency exchanges with excellent liquidity.

Investment Considerations

Dogecoin is highly volatile and sensitive to social media trends and celebrity endorsements. While it has a dedicated community, investors should understand that its value is largely driven by sentiment rather than technological utility.

Learn more in our crypto investing basics guide.