Dogecoin is a cryptocurrency introduced as a joke on 6 December 2013. The face of the coin is a Shiba Inu dog
from the “Doge” Internet meme. However, it gathered an online community soon after its release and grew to $60
million in market cap at the beginning of 2014.
Practical applications of Dogecoin are limited, but the coin found its usage as an online tipping asset where
coin holders sent Dogecoin to people they deemed worthy. The Dogecoin founder is Billy Markus from Portland,
Oregon, who wanted to create an interesting cryptocurrency that will stay away from controversies.
An interesting point in Dogecoin history occurred in December 2013 when millions of coins were stolen by
hacking. The network organized an initiative for users to donate Dogecoin, and they received enough donations to
cover all stolen coins!
Dogecoin’s all-time high was around $0.018. But, don’t worry! There is no limit on how many coins can be
produced, so Dogecoin is still a viable payment option!