What is Dogecoin (DOGE)?
Dogecoin (DOGE) is a peer-to-peer cryptocurrency introduced in 2013 as a light-hearted alternative to Bitcoin. Inspired by the popular “Doge” Shiba Inu meme, DOGE quickly gained a loyal and playful community that helped push it into mainstream pop culture.
Co-founded by software engineers Jackson Palmer and Billy Markus, Dogecoin was created to make crypto more accessible to everyday users. At the time, mining Bitcoin had become technically complex and resource-intensive. Dogecoin, built on the Scrypt algorithm and based on Litecoin, offered a simpler and more user-friendly way to engage with crypto.
Unlike Bitcoin’s capped supply, Dogecoin has an inflationary model, with 10,000 new DOGE minted every minute and no maximum supply. This makes it less suited for store-of-value purposes but popular for tipping, donations, and microtransactions. 150.85B DOGE are in circulation at the time of writing.
Over time, DOGE has grown beyond its meme origins. It’s supported by a strong community and has seen high-profile endorsements, including from Tesla CEO Elon Musk. Today, it’s one of the most recognizable cryptocurrencies in the world.
DOGE is listed on Binance. You can buy, sell, or trade Dogecoin (DOGE) on Binance. The current DOGE price updates in real time and is available on Binance.