About Doge coin

The Dogecoin price is $0.11863229, down 4.75% in the last 24 hours as of 10:22 a.m. The current price activity in Dogecoin left the token's market capitalization at $17.18 billion. This year, Dogecoin has changed by 34.25%. Dogecoin is classed as a currency under the CoinDesk Digital Asset Classification Standard (DACS).

Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency named after a widespread internet meme of a Shiba Inu dog. Initially, the crypto project was designed solely to ridicule other cryptocurrency initiatives that were launching at the time.

The cryptocurrency is effectively a direct clone of Litecoin's code and, like all other digital assets, can be used to transfer value via the internet. Doge was never intended to have any real-world utility beyond being a simple blockchain-based payment system; yet, it swiftly attracted a devoted fan following that discovered and built new applications for it. These included a third-party online tipping service that sent doge to the top of the tipping coin list on the social media network Reddit, as well as dogecoin crowdfunding for charitable purposes.