Dogecoin is a joke coin inspired by a popular internet meme rather than a solution to real-world problems. Dogecoin, which was created with open source blockchain technology by leaving the original Bitcoin algorithm, aimed to make crypto investment and trading fun. Dogecoin was launched in 2013.
Unlike Bitcoin, Dogecoin has an unlimited supply of tokens. DOGE, the oldest memecoin ever created, has inspired hundreds of different memecoins in recent years. Dogecoin is currently the most valuable meme token with a market cap of $10.9 billion. Dogecoin's popularity and price increase is mostly due to Elon Musk's Twitter posts.