Dogecoin is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer as a satirical take on the cryptocurrency craze. Featuring the Shiba Inu dog from the "doge" meme, it quickly gained a large online community and became the first "meme coin". Despite its origins as a joke, Dogecoin reached a peak market capitalization of over $85 billion in May 2021. It even became a sleeve sponsor for Watford Football Club. Dogecoin illustrates the power of internet culture and community in shaping the value and perception of digital assets.
On November 14, 2024, Donald Trump announced Elon Musk and Vivek Ramaswamy would lead the Department of Government Efficiency (DOGE). The price of Dogecoin increased following the announcement.
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