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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.

Dogecoin grabbed headlines with its massive surge, but as it cools off, other meme coins have chalked up bigger gains in the last week.

These Meme Coins Have Pumped More Than Dogecoin This Week

Solana

Raoul Pal, CEO of Real Vision, expressed an optimistic outlook for the crypto market, predicting a “banana zone” liquidity surge that will drive prices higher. What Happened: In an appearance on the ‘When Shift Happens' podcast, Pal, who will be a headline speaker at Benzinga's upcoming Future of Digital Assets event on Nov. 19, outlined his strategy, focusing on leading cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), while also highlighting his bullish stance on Sui (CRYPTO: SUI).

Raoul Pal Bullish On Solana And Memes: 'Dogecoin Does Nothing, Does Nothing And Then Explodes'

Dogecoin (CRYPTO: DOGE) is predicted to rebound from its correction after a strong pump to $0.40. What Happened: Investors have decided to withdraw the $258 billion class-action lawsuit filed against Elon Musk in 2022, which alleged market manipulation through social media posts.

'DOGE Week' Coming, Says Veteran Trader: Correction Is Part Of A 'Monster Impulse'

Coinbase CEO Brian Armstrong has proposed eliminating individual income taxes in the U.S., suggesting a radical shift in the tax burden to businesses and alternative revenue sources like sales taxes. What Happened: Armstrong's call, shared in a series of tweets on Sunday, aligns with his broader vision for reducing government size and enhancing economic freedom.

Coinbase CEO Brian Armstrong Says DOGE Department Is A 'Once-In-A-Lifetime-Opprtunity,' Advocates Abolishing Individual Income Tax

Bonk

Several meme coins, including Bonk (BONK), Mog Coin (MOG) and Brett (BRETT), reached all-time highs over the weekend, driven by a broader surge in the crypto market.

Meme Coins Surge to New Heights as Bonk, Mog, and Brett Set Record Prices Amid Dogecoin Resurgence

Cathie Wood, CEO of ARK Invest, endorsed the newly created Department of Government Efficiency (DOGE) under Elon Musk‘s leadership while advocating for stricter government spending controls in a series of posts on X on Sunday. What Happened: “Government spending is taxation,” Wood said, citing her early economics education with Arthur Laffer.

Cathie Wood Draws Reagan-Era Parallels As Elon Musk Takes DOGE Helm: 'This Bull Market Has Just Begun To Broaden Out'

Bitcoin

Pepe

An analyst who has earned the “Master Trader” rank on the crypto exchange Bybit believes top memecoin Dogecoin (DOGE) is primed for more rallies. Pseudonymous analyst Bluntz tells his 291,000 followers on the social media platform X that Dogecoin appears to have completed an ABC corrective wave against Bitcoin (DOGE/BTC).

‘Time Has Come' – Top Trader Predicts More Rallies for Dogecoin, Updates Forecast for Bitcoin and PEPE

Co-led by Elon Musk, the Department of Government Efficiency (DOGE) aims to massively cut U.S. spending under President-elect Donald Trump.

Elon Musk and DOGE: What You Need to Know About the Department of Government Efficiency

Analyst John-Burr sees Dogecoin (DOGE/USD) price hitting the $3 mark by Jan. 20 and even touching $20 in the future, as per his analysis. What Happened: “It's eerie how DOGE is repeating its historical pattern,” Burr wrote on TradingView.

Dogecoin 'Repeating Its Historical Pattern,' Says Analyst: Meme Coin Set To Touch $3 By Trump's Inauguration Day 2025

After Dogecoin hit a three-year high, many other major meme coins are breaking records amid surging demand.

Bonk, Mog and Brett Hit All-Time Highs as Dogecoin Spurs Meme Pump

Dogecoin co-creator Billy Markus floated the idea of a U.S. DOGE strategic reserve amid its latest boom. Could it follow Bitcoin's lead?

Bitcoin Strategic Reserve Could Happen. Why Not Dogecoin, Says Co-Founder

A pseudonymous analyst and trader is leaning bullish on a major memecoin while updating his outlook on two top-10 altcoins by market cap. The analyst pseudonymously known as DonAlt tells 62,700 subscribers of the TechnicalRoundup YouTube channel that Dogecoin (DOGE) could skyrocket by approximately 165% from the current level.

Analyst Says Large-Cap Memecoin Primed To Explode by Over 100%, Updates Outlook on XRP and Solana

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

The Daily: Dogecoin investors drop class-action lawsuit against Elon Musk, Michael Saylor plans $100K bitcoin party and more

Ethereum

Cryptocurrency markets are closing the week strong, with Bitcoin pushing above $90,000 at the end of the U.S. trading session. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $90,792 +1.5% Ethereum (CRYPTO: ETH) $3,061 -2.3% Solana (CRYPTO: SOL) $213.8 -0.5% Dogecoin (CRYPTO: DOGE) $0.3719 -5.1% Shiba Inu (CRYPTO: SHIB) $0.00002439 -2.7% Notable Statistics: IntoTheBlock data shows large transaction volume falling by 14% and daily active addresses dropping by 3%.

Bitcoin Pushes Back Above $90,000, Ethereum, Dogecoin Lag To End A Record Week

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

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?

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

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

News for Dogecoin Crypto (DOGE)