All coins

Dogecoin

DOGE
Meme / PaymentsProof of Work (Scrypt)Launched 2013
Max Supply
No cap
Circulating
154.50B
Launched
2013
Minute-Level Data From
2022-12-28

What it does

Dogecoin is a peer-to-peer digital currency that started as a meme based on the Shiba Inu dog internet meme. Over time it grew into a widely used tipping and payment currency with a large community. It is frequently used for microtransactions, tipping content creators, and charitable donations.

How it works

Dogecoin is a fork of Litecoin, which is itself a fork of Bitcoin, using the Scrypt hashing algorithm for Proof of Work mining. Block time is approximately 1 minute (compared to Bitcoin's 10 minutes), enabling faster transaction confirmations. Unlike Bitcoin, Dogecoin has no maximum supply β€” after the initial supply schedule, approximately 5.256 billion new DOGE are issued annually indefinitely as mining rewards, keeping fees low and incentivizing miners. Merged mining with Litecoin is supported, allowing miners to simultaneously mine both coins.

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Problem it solves

Dogecoin was created partly as a parody of speculative cryptocurrencies but became a genuine micropayment and tipping currency due to its low fees, fast confirmations, and approachable community. It provides a low-cost payment rail for internet-native tipping and small transactions. Its unlimited supply design reduces hoarding behavior compared to fixed-supply assets.

Key Differentiator

The original meme cryptocurrency with over a decade of brand recognition, merged-mined security with Litecoin, and a deliberately inflationary supply designed for everyday spending rather than storing value.

Tokenomics

Supply Model
Inflationary (no cap; ~5.256B new DOGE issued annually)
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Ecosystem

Chain: Dogecoin (own Layer 1 blockchain, Scrypt PoW)
Depends on: Community sentiment, Elon Musk social media influence, Litecoin miner base (merged mining), retail trading activity
Influences: Meme coin sector broadly, retail crypto sentiment, PayPal and merchant payment integrations

Similar Projects

Sources

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Backtest Dogecoin with real historical data

Build and test trading strategies using Dogecoin's minute-level data from 2022-12-28 to present.

Supply figures and project details are approximate and may not reflect the latest changes. Always verify from official sources before making decisions. This information is for educational purposes only β€” not financial advice.