Dogecoin is a cryptocurrency that started as a joke but quickly turned into an internet phenomenon. It all began in 2013, when the famous "Doge" meme, featuring a Shiba Inu with comic sans captions, was everywhere online. Inspired by this meme, Jackson Palmer, a product manager, bought the domain Dogecoin.com. Billy Markus, a software engineer, joined him, and they launched Dogecoin using Litecoin’s code.

Here are the basics of Dogecoin:

- Unlimited Supply: Unlike Bitcoin, there’s no cap on how many Dogecoins can be mined.

- Scrypt Algorithm: This comes from Litecoin and allows for faster mining.

- Proof of Work: Like Bitcoin, Dogecoin is mined using computational power.

Dogecoin wasn’t taken too seriously at first, but it gained traction, thanks to its lighthearted community. During its early days, people even used Dogecoin for charitable causes, like sponsoring the Jamaican bobsled team in 2014.

However, when the crypto market crashed in 2018, Dogecoin’s value plummeted to less than $0.002. But memes never die! Dogecoin stayed alive, thanks to internet culture and occasional tweets from Elon Musk.

Recently, the market madness saw Dogecoin surge again, peaking at $0.082 in early 2021. People started dreaming of pumping it to $1.

In short, Dogecoin is the fun, meme-driven cryptocurrency you thought it was. While it may not have the financial depth of Bitcoin, its popularity proves that the internet loves a good inside joke.

If you're feeling adventurous (or reckless), you can buy Dogecoin on Robinhood.

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