Did you know?#
Dogecoin is the original meme coin, created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. What started as a satirical take on Bitcoin has since morphed into a multi-billion-dollar asset thanks to its cult-like following and periodic hype cycles fueled by figures like Elon Musk.
DOGE runs on its own blockchain and operates on a Proof-of-Work (PoW) consensus mechanism, making it a mineable cryptocurrency. Unlike Bitcoin, which has a hard supply cap, Dogecoin is inflationary, with 10,000 new DOGE minted every minute. This unlimited supply helps keep transactions cheap, but it also means DOGE has a harder time holding value in the long run.
Currently, Dogecoin trades at $0.26 with a market cap of around $39 billion. It’s accepted by a handful of major retailers, including Tesla, and has seen waves of interest as a potential low-cost payment solution. If history repeats itself, DOGE could see another explosive rally when Bitcoin heats up, as investors look for cheap, speculative alternatives.
