DogecoinDOGE
The cryptocurrency that started as a joke — and stayed.
30-day price
Where the chart sits — description, not prediction
Trading below both its 50-day ($0.0767) and 200-day ($0.096) averages — the longer-term trend reads as down. 30-day range $0.0692–$0.0777; currently in the lower third of that range. RSI(14) 35 — momentum weak.
Computed from daily closing prices (CoinGecko), July 28, 2026. Compare all coins →
What is Dogecoin?
Dogecoin is the original "meme coin." It was created in December 2013 by software engineers Billy Markus and Jackson Palmer as a light-hearted parody of the hype around Bitcoin and the flood of new cryptocurrencies. Its mascot is the Doge meme — a Shiba Inu dog named Kabosu captioned in multicoloured Comic Sans — and that unserious origin is the entire point.
Technically, Dogecoin is a straightforward proof-of-work coin with fast, cheap transactions and, unusually, no supply cap — new coins are issued indefinitely. It built a genuine community early on, known for tipping content creators and funding charitable causes.
Despite its joke beginnings, Dogecoin became one of the largest cryptocurrencies by market value, driven less by technology than by community and celebrity attention — most famously from Elon Musk. It is best understood as a cultural and sentiment-driven asset rather than a technology bet.
What has moved Dogecoin
2013-14 — the joke catches on
Built in a matter of hours as a parody, Dogecoin drew over a million site visitors within its first month and a community that used it for tipping and charity.
Feb 2021 — "the people's crypto"
Elon Musk's tweets, a viral social-media push, and the broader retail mania sent DOGE up thousands of percent in weeks.
May 2021 — record high
DOGE hit its all-time high around $0.74 in May 2021, around the time Musk hosted Saturday Night Live — then fell sharply from the peak.
Ongoing — the Musk factor
DOGE remains unusually sensitive to Elon Musk's public comments and to memecoin-cycle sentiment, rather than to fundamentals.
Notable moments
Built in about two hours
Co-creator Billy Markus has said he wrote the first version of Dogecoin in roughly two hours, as a joke — never expecting it to become a multi-billion-dollar asset.
The dog was real
The Shiba Inu in the meme was a real dog named Kabosu, owned by a Japanese teacher; the original meme image later sold as an NFT for millions.
A co-founder who cashed out — of everything
Jackson Palmer became disillusioned and left crypto entirely, later becoming one of its sharpest public critics.
Common questions
Is Dogecoin a serious cryptocurrency?
It started as a joke in 2013 and has no supply cap or major technical ambitions, yet it became one of the largest coins by value — driven by community and celebrity attention rather than technology.
Why does Elon Musk affect Dogecoin?
Musk is a long-time public supporter, and DOGE's price has historically moved sharply on his tweets and appearances — it is heavily sentiment-driven.
Does Dogecoin have a supply limit?
No. Unlike Bitcoin, Dogecoin issues new coins indefinitely with no maximum cap.