#DOGE DOGE usually refers to Dogecoin, a cryptocurrency created in December 2013 by software engineers Billy Markus and Jackson Palmer, originally intended to satirize the speculative frenzy in the cryptocurrency market. Here are its core details:

1. Basic Setup: Its logo uses the then-popular Shiba Inu “Doge” meme, and its name is a misspelling of “Dog.” Technically, it is a fork of Litecoin and uses the Scrypt algorithm, allowing mining with ordinary computers. There is no supply cap, with a fixed annual issuance of 5 billion coins.

2. Development Features: In its early days, it developed a tipping culture for rewards and charitable donations via communities like Reddit. In 2021, Dogecoin’s price hit an all-time high of $0.7316 and its market cap briefly exceeded $90 billion, largely driven by frequent promotion from Elon Musk. However, its value is highly dependent on Musk’s statements, its technical development is slow, and it faces competition from similar coins like SHIB.

3. Use Cases: Thanks to fast transaction speeds and low fees, Dogecoin is commonly used for tipping content creators and charitable donations. Some merchants also accept it for everyday purchases.