Dogecoin was created in 2013 as a joke cryptocurrency based on the popular Shiba Inu meme but has since gained significant mainstream attention. It operates on a Proof-of-Work consensus mechanism with faster block times than Bitcoin, producing new blocks roughly every minute. Unlike Bitcoin, Dogecoin has no maximum supply cap, making it inflationary by design. The coin features low transaction fees, which makes it practical for microtransactions, online tipping, and small payments. It has developed a strong, enthusiastic community and received notable celebrity endorsements, particularly from Elon Musk, which have contributed to its popularity and price volatility.

As of today, Dogecoin is trading around $0.146 with a market capitalization of approximately $24.58 billion, making it the ninth-largest cryptocurrency by market cap. The circulating supply stands at about 168.22 billion DOGE, with daily trading volume around $1.62 billion. The price has increased over 20% in the past week but remains significantly below its all-time high of $0.74 reached in May 2021, currently down about 81% from that peak. Dogecoin continues to be a highly speculative and volatile asset, with its price movements often driven by social media sentiment, meme culture, and public figures' statements rather than fundamental technological developments. #doge⚡ $DOGE