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Dogecoin

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms.

Dogecoin was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. Palmer tweeted the idea and Markus approached him to partner on making the concept a reality. 

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms. 

Dogecoin’s circulating supply currently exceeds 131 billion. The total supply is uncapped, meaning there is no limit to the amount that can be mined. 

In early 2021, Dogecoin won the adoration of influential figures including Tesla CEO Elon Musk, NBA team owner Mark Cuban, and Snoop Dogg. SpaceX completed a space mission funded by Dogecoin, and Cuban said the Dallas Mavericks would accept payment in DOGE.

A pack of Dogecoin investors who claimed Elon Musk rigged DOGE are dropping their appeal following a judge's ruling against their case in August. Disgruntled DOGE investors first sued Musk in 2022, accusing the Tesla CEO of orchestrating a pump-and-dump scheme with his public praise of Dogecoin on Twitter (now X) and Saturday Night Live.

Lawsuit Appeal Alleging Elon Musk Manipulated Dogecoin (DOGE) Dropped: Report

Polymarket bettors appear skeptical about Dogecoin (CRYPTO: DOGE) reaching significant price milestones by December, with only a 6% chance assigned to Dogecoin hitting $1 and a 10% chance for $0.90. What Happened: These odds reflect the market's doubts, despite the recent surge in Dogecoin's value following Donald Trump's election and Elon Musk's involvement with the newly established Department of Government Efficiency, dubbed “DOGE.

Dogecoin To $1 Until December? Probably Not Happening, Polymarket Traders Say

A federal judge in Manhattan had previously ruled that Elon Musk's public Dogecoin statements were “aspirational and puffery.”

Dogecoin Investors Drop $248 Billion Class Action Lawsuit Against Elon Musk

The same week Musk was appointed head of Trump's "DOGE" team, a group of Dogecoin investors finally put an end to their lawsuit.

Dogecoin lawsuit against Elon Musk dropped amid market surge

With Dogecoin reaching new levels of political and cultural relevance, experts are throwing out old assumptions about DOGE's potential peak.

Dogecoin Could Soar 'Far Beyond' Current All-Time High Price: Analyst

Pepe

A closely followed crypto analyst believes that one red-hot Solana (SOL)-based memecoin still has more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 228,800 followers on the social media platform X that Goatseus Maximus (GOAT) may soon break out of the upper bound of a trading range.

Trader Says Altcoin That's Up Over 20x in Under Five Weeks Still Has Upside, Updates Outlook Dogecoin and Pepe

A lawsuit accusing Elon Musk of rigging dogecoin is ending.

Lawsuit claiming Elon Musk rigged dogecoin ends

Dogecoin's (CRYPTO: DOGE) 9% price pullback presents a potential buying opportunity, according to optimistic cryptocurrency traders on social media. What Happened: After an 88% rally over the past week, Dogecoin has dropped 9% in Friday trading.

Dogecoin Down 9%: What Is Going On?

Bitcoin

Marketing influence and entertainment narratives have emerged as the most powerful drivers of asset success in the cryptocurrency market, beating out traditional financial metrics like intrinsic value or cash flow. This shift, noted in a recent 10x Research report, shows why protocols with outspoken founders and strong marketing personas have thrived.

Bitcoin, Dogecoin Success Driven By 'Narrative And Momentum,' Report Argues

Dogecoin may have a backer headed to the White House, but other big dog-themed coins are jumping on token listings and broader crypto hype.

Dogecoin Leads the Pack—But These Dog Coins Are Running Up Gains Too

Ethereum

While major assets are still way up since Trump's election win, the hot streak is showing signs of cooling for Bitcoin and more.

Bitcoin, Ethereum and Dogecoin Down as $444M in Crypto Longs Get Rekt

Elon Musk, the Tesla billionaire who has been named by U.S. president-elect Donald Trump to lead the new "Department of Government Efficiency".

Elon Musk Issues Surprise Crypto Endorsement Amid $3 Trillion Bitcoin, Dogecoin And Crypto Price Boom

Shiba Inu

Pepe (CRYPTO: PEPE) is continuing its rally on Thursday, up 58% over the past 24 hours amid new exchange listings. What Happened: Lookonchain data shows that whales are accumulating the meme coin, including one who withdrew 197.39 billion PEPE (worth $4.8 million) from Binance after the Coinbase and Robinhood listing.

Pepe Up 58% But 'Just Getting Started' Because It Could Reach '2021 Dogecoin, Shiba Inu Levels'

Tech mogul and co-head of Department of Government Efficiency (DOGE), Elon Musk, defended the newly formed body's efficiency amid criticism from Sen. Elizabeth Warren (D-Mass.

Elizabeth Warren's Sarcastic Take On DOGE's Split Leadership Gets Slammed By Elon Musk: 'Unlike You, Neither Of Us Are Being Paid'

The surge in Pepe's value comes after two major U.S.-based exchanges—Robinhood and Coinbase—announced their listings.

Pepe Slips Clinches Top 20 Spot, Outpaces Dogecoin in Weekly Gains

Elon Musk's DOGE initiative invites the public to expose government waste, pledging transparency and targeting $2 trillion in federal spending cuts.

Elon Musk's DOGE Plan Lets Public Call out ‘Insanely Dumb' Government Spending

Veteran trader Peter Brandt sees dogecoin mirroring bitcoin's 2016 price pattern, signaling a potential rally as technical indicators align and Elon Musk's influence boosts investor sentiment.

Peter Brandt Spots Dogecoin-Bitcoin Chart Similarities: Is a Big DOGE Move Brewing?

A closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) is poised to spark massive rallies, en route to astronomical fresh all-time high levels. Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE appears to be trading in a large ascending channel on the weekly chart.

Analyst Outlines Massive Price Targets for Dogecoin, Predicts Parabolic Rally for Ethereum-Based Altcoin

President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead DOGE, tasked with dismantling bureaucracy, slashing regulations, and restructuring federal agencies. Trump Appoints Elon Musk and Vivek Ramaswamy to Overhaul Federal Bureaucracy U.S.

DOGE Unleashed: Elon Musk Takes on Trump's Quest to Slash Regulations

Elon Musk said Wednesday that Dogecoin's odd tokenomics actually work in the meme coin's favor, which one DOGE founder agreed with.

Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug'

Dogecoin's market cap has surged to $60 billion over the past week following Donald Trump's 2024 election victory.

How Elon Musk, Vivek Ramaswamy and Dogecoin co-creator Billy Markus reacted to Trump's ‘DOGE' announcement

dogwifhat

Cryptocurrency markets are trading higher as meme coins Pepe and Dogwifhat were listed for trading on Coinbase (NASDAQ:COIN). Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $90,040.52 +1% Ethereum (CRYPTO: ETH) $3,166.17 -3.5% Solana (CRYPTO: SOL) $210.16 -1.3 Dogecoin (CRYPTO: DOGE) $0.3836 -0.5% Shiba Inu (CRYPTO: SHIB) $0.00002485 -6% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 18.7% and daily active addresses growing by 7.8%.

Bitcoin Crosses $90,000, Ethereum, Dogecoin Move Upwards As Pepe, Dogwifhat Get Listed On Coinbase

Elon Musk on Wednesday reaffirmed his support for Dogecoin's (CRYPTO: DOGE) inflation model, labeling its flat inflation rate as a "feature, not a bug." What HappenedL The conversation emerged after Dogecoin co-creator Shibetoshi Nakamoto (Billy Markus) pointed out the technical possibility of removing Dogecoin's inflation by altering a line of code on its GitHub repository.

Dogecoin's Flat Inflation Is 'A Feature, Not A Bug,' Says Elon Musk

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Trump says ‘DOGE' to be led by Musk and Ramaswamy as Dogecoin soars, Bitwise CIO makes the case for $500K bitcoin and more

Spirit Blockchain Capital appears to be positioning itself as a significant player in the Dogecoin (CRYPTO: DOGE) ecosystem, with CEO Lewis Bateman likening the company's strategy to MicroStrategy's high-profile Bitcoin acquisitions. What Happened: Announced in October and further detailed last week, Spirit's acquisition of Dogecoin Holdings is part of a broader vision that goes beyond using Dogecoin as a simple treasury asset.

News for Dogecoin Crypto (DOGE)