Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. Considered an altcoin, it was launched in December 2013 with an image of a Shiba Inu dog as its logo. The Dogecoin blockchain is credited for its underlying technology derived from Litecoin. The notable features of Dogecoin, which uses an encryption algorithm, are its low price and unlimited supply.
Dogecoin started on a whim, but quickly gained a following. In late 2017, it participated in the cryptocurrency bubble, which significantly increased the value of digital coins. With losses in 2018, Dogecoin lost much of its value, but it continues to have a core of supporters who trade it and use it to tip content on Twitter and Reddit.2.
Users can buy and sell Dogecoin on digital currency exchanges. They can choose to store their Dogecoins on an exchange or in a Dogecoin wallet.
