Dogecoin is an altcoin, often considered as a meme cryptocurrency. It is based on the popular “Doge” meme, with the Shiba Inu dog as its mascot. Billy Markus and Jackson Palmer founded Dogecoin as a satirical take on the crypto markets. They wanted Dogecoin to be easily accessible to the public while also acting as a medium to reward content creators while also helping build greater community engagement.
Despite the satirical take, Dogecoin has become one of the most popular cryptocurrencies in the world. It is one of the top 10 cryptos in the world by market cap. Unlike other cryptos like Bitcoin, Dogecoin does not have a hard upper cap on its total supply.
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