Dogecoin was created in 2013 as a "joke coin" to satirize the cryptocurrency investment craze, featuring the Shiba Inu as its logo, full of fun. It is based on the Litecoin algorithm, has no supply limit, a fast issuance speed, and low costs. Compared to Bitcoin, Dogecoin has a shorter transaction confirmation time and lower transfer fees. Due to the spread on social media, Dogecoin's popularity soared rapidly, and support from some celebrities has drawn even more attention to it, with prices fluctuating wildly. Although it has an entertainment aspect, it also occupies a place in the virtual currency market. However, investing in virtual currencies is risky, and Dogecoin trading also faces risks of regulation and significant price volatility.