$DOGE is an open-source cryptocurrency that was launched in 2013 by software engineers Billy Marcus and Jackson Palmer. Originally created as a joke based on the popular Doge meme, it was actually forked from Litecoin and quickly gained popularity thanks to its lighthearted nature and strong online community.

What really helped push Dogecoin into the mainstream spotlight was the support of Elon Musk, CEO of X (formerly Twitter) and Tesla, who has frequently tweeted about the coin and expressed enthusiasm for its potential.

Current Stats (as of now):

  • Price: $0.16

  • Market Cap: $24.14 billion

  • Circulating Supply: 149.7 billion $DOGE

  • Max Supply: Not capped

  • 24-Hour Volume: Down 16%

  • Year-to-Date Change: +31%

  • Founders: Billy Marcus & Jackson Palmer

Key Highlights:

  1. Dogecoin has transitioned to a proof-of-stake (PoS) consensus mechanism, moving away from the more energy-intensive proof-of-work model used by Bitcoin. This shift aims to make the network more environmentally friendly.

  2. Despite Tesla discontinuing Dogecoin payments, retailers like AMC Theatres and GameStop still accept DOGE as a form of cryptocurrency payment.

  3. A spot $DOGE ETF is currently under review by the U.S. Securities and Exchange Commission (SEC). A decision is expected by late 2025. If approved, it could significantly boost Dogecoin’s adoption by institutional investors and the general public.

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