Dogecoin

Dogecoin (DOGE) was created in 2013 by Billy Markus and Jackson Palmer as a lighthearted cryptocurrency based on the popular "Doge" Shiba Inu meme, originally intended as a joke but quickly evolving into a legitimate digital asset with a passionate community. Built on a fork of Litecoin's codebase, Dogecoin features faster block times and an inflationary supply model that makes it potentially well-suited for microtransactions and online tipping.

The Dogecoin ecosystem thrives on community-driven initiatives, charitable fundraising, and mainstream adoption accelerated by high-profile endorsements from figures like Elon Musk. Major companies including Tesla, AMC, and the Dallas Mavericks have accepted DOGE as payment.

At CoinDesk, we track Dogecoin news ranging from price movements and celebrity endorsements to technical developments and merchant adoption. Our coverage explores how meme culture intersects with serious cryptocurrency adoption, the impact of social media on DOGE's volatility, and the ongoing development efforts to improve the network's functionality.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

First Mover: Tesla Sends Bitcoin Mooning Past $44K as Snoop Wins #dogebowl

Electric-vehicle entrepreneur Elon Musk follows through with a $1.5 billion purchase after adding "#bitcoin" to his Twitter profile late last month.

By Bradley Keoun, Omkar GodboleFeb 8, 2021

XRP primed to rise as DOGE spotlights SEC

Markets

Dogecoin Smokes Its All-Time High After Snoop Dogg Becomes Snoop DOGE

DOGE also jumped four places on the list of most-valuable cryptocurrencies to No. 7.

By Nate DiCamilloFeb 7, 2021

Markets

First Mover: It's 'Dorsey's Node' as Bitcoin Marches Higher, DOGE Chokes

Bitcoin breaks out, Twitter CEO Jack Dorsey sets up a bitcoin node and Bank of England warns on negative rates. Meanwhile, it's DeFi that's mooning.

By Bradley Keoun, Omkar GodboleFeb 5, 2021

Twitter CEO Jack Dorsey is now posting about his own bitcoin node.

Markets

First Mover: Ethereum, DOGE on Own Journeys as Inflation Bets Fuel Bitcoin

Altcoins like Chainlink get big boost from DeFi growth on Ethereum, while inflation bets boost bitcoin and dogecoin gets (Elon Musk) moonshot.

By Bradley KeounFeb 4, 2021

Dogecoin prices have mooned, now with a market capitalization over $6 billion, even though the doggie-faced meme token represents little more than a joke.

Markets

Elon Musk Is Back Tweeting About Dogecoin as Price Rises 50%

Musk was apparently welcoming dogecoin's latest price bounce.

By Tanzeel AkhtarFeb 4, 2021

Markets

First Mover: Bulls Are Back as Ether Hits All-Time High, Bitcoiners Hoard

GameStop comedown shows appeal of social media-fueled trading. Dogecoin chatter in Reddit reveals cryptocurrency analogue.

By Bradley Keoun, Omkar GodboleFeb 3, 2021

From rogue to respectability. Cryptocurrencies are getting their props from Wall Street.

Policy

Why a GameStop-Inspired Mania Is Unlikely in China’s Stock Market

It would be logistically challenging for Chinese retail investors to organize a short-selling campaign, especially with the authorities watching.

By David PanFeb 2, 2021

Markets

Crypto Long & Short: GameStop, Dogecoin y un nuevo paradigma de mercado

Estrategias de inversión de crowdsourcing descentralizadas a través de las redes sociales, e influencers como Elon Musk, han creado nuevos riesgos en Wall Street.

By Noelle AchesonFeb 2, 2021