Dogecoin was launched as a joke coin on Reddit in December 2013. The cryptocurrency quickly gained popularity and was used for online tipping and charities. Since its launch, it has become one of the most important crypto assets over the years and the largest meme coin. The price of Dogecoin has had a great performance in 2021. However, the market sentiment in the cryptocurrency world has changed. Meme coins are greatly influenced by the overall downtrend of the market as a whole. The good news is that Dogecoin, as a native meme coin, has shown some signs of recovery in 2023-2022 and may continue its upward trend in 2024-2025.