Dogecoin (DOGE) is a crypto currency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time and as a way to make fun of Bitcoin and other cryptocurrencies that had grand plans to take over the world.
It is considered both the first “meme coin”, and more specifically the first “dog coin”.
It is inspired by Kabosu from the Doge meme.
Introduced in 2013, it quickly grew its own community, reaching a peak market cap of over 85 billion US $ in 2021