What started out as a meme token has taken the world by storm. Launched in 2013 and forked from the Litecoin network (using the same scrypt technology), the Dogecoin ecosystem was inspired by a Shiba Inu dog meme circulating the internet at the time. The cryptocurrency was originally created to be a light-hearted, fun competitor to Bitcoin and has since become a firm favourite of SpaceX founder, Elon Musk and Reddit users.
Dogecoin provides fast transactions online and is predominately used for tipping content creators and crowdfunding due to its vast supply. Founded by Billy Markus and Jackson Palmer, Dogecoin has gone on to enter the top 10 biggest cryptocurrencies by market cap several times in its existence.
Elon Musk is also a huge advocate for the cryptocurrency, often dramatically affecting the markets with mention of it (as was the case when Dogecoin hit its highest price in May 2021).
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