Launched in 2013 by two software engineers on other sides of the world, Dogecoin was created as a “joke” cryptocurrency with its logo based on the Shiba Inu dog popularized in the "Doge" meme. The network was hard forked off of the Litecoin network, maintaining a number of characteristics excluding the total maximum supply, among others. Dogecoin has an unlimited cap on its supply, and through the mining process, 10,000 DOGE are minted every minute. While the coin doesn’t depict the necessary characteristics to be a strong store of value, it is able to provide fast, secure and cost-effective transactions.
Over the years the coin has amassed a cult following, with several pumps from users not typically associated with the crypto world. Most recently, Elon Musk has been behind a large endorsement of the coin, even labelling himself as the “Dogefather”. Through a series of tweets he has managed to drive the value of Dogecoin to new all time highs.
Another celebrity endorser is Mark Cuban, the owner of the Dallas Mavericks. In 2021 he announced that the NBA franchise has started accepting Dogecoin as a payment option for tickets and memorabilia. He reports that this has been well received by fans, with thousands of transactions taking place since launching. The maximum supply of DOGE is unlimited. See the chart above depicting the DOGE price data and use the Buy button to start trading.