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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.

Bitcoin

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

Pepe

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

Ethereum

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

Dogecoin was once a joke, but the meme coin gained traction after Elon Musk backed it. Now he's set to co-lead a D.O.G.E.

Elon Musk and Dogecoin: How the Billionaire Became the 'Dogefather'

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.

A Dogecoin Strategic Reserve? One Company Is Working On it

Meme cryptocurrency Dogecoin (CRYPTO: DOGE) has soared in value since the 2024 presidential election and the establishment of the Department of Government Efficiency, or D.O.G.E. for short.

Dogecoin To 69 Cents Or $1? Benzinga Readers Predict How High It Could Fly By End Of 2024

Solana

Coinbase Inc. (NASDAQ:COIN) has introduced the Coinbase 50 Index (COIN50), a new benchmark tracking the performance of the top 50 digital assets listed on the exchange. What Happened: Leading the index, Bitcoin (CRYPTO: BTC) holds a weight of 50.3%, followed by Ethereum (CRYPTO: ETH) at 27.5%, collectively making up a substantial portion.

Coinbase Launches COIN50 Index To Track Top 50 Digital Assets, Includes Bitcoin, Ethereum, Dogecoin, Solana

Dogecoin (CRYPTO: DOGE) is back at 40 cents, recovering from a shallow dip to 36 cents and leaving cryptocurrency traders calling for more upside. What Happened: At the time of writing, Dogecoin is trading at $0.399, up 11% over the past 24 hours.

What Dip? Dogecoin Roars Back To 40 Cents With 11% Gain

Following weeks of relentless promotion, the Department of Government Efficiency (DOGE) is set to become a reality, potentially sending the price of Dogecoin (CRYPTO: DOGE) to unprecedented levels. What happened: On Tuesday, President-elect Donald Trump appointed Elon Musk, the conceiver of the idea, and entrepreneur-turned-politician Vivek Ramaswamy to oversee the department, which aims to streamline federal bureaucracy and eliminate “excess” laws.

Dogecoin Tumbles Despite Elon Musk, Vivek Ramaswamy's 'DOGE' Appointment: This Is What Indicators Tell About Its Next Moves

DOGE's price has surged 78% since Trump's election win a week ago.

Dogecoin Craze Grips Korea, Fuels Price Premium on Local Giants Upbit and Bithumb

In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.

Dogecoin Trade Goes From Meme to Reality as Donald Trump Confirms D.O.G.E

Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said in a statement.

Dogecoin surges 20% after Trump announces a Department of Government Efficiency — DOGE

The agency aims to streamline the U.S. government by cutting bureaucracy, reducing costs, and creating a leaner, more accountable structure.

Trump Taps Dogecoin Fan Elon Musk to Lead D.O.G.E. With Vivek Ramaswamy

Musk is also a long-time supporter of memecoin Dogecoin, which has a ticker same as the acronym of the upcoming department.

Trump confirms ‘DOGE' efficiency dept. will be led by Musk and Ramaswamy as Dogecoin's market cap swells

The meme coin was created as a joke in 2013, but analysts say Dogecoin has a serious chance at making a Wall Street debut.

News for Dogecoin Crypto (DOGE)