Dogecoin (DOGE)
First memecoin (2013), Litecoin fork, no supply cap, Elon Musk cult.
DOGE: launched Dec 2013 by Markus & Palmer as joke (Shiba Inu meme). LTC fork (Scrypt PoW), no supply cap (5B new/year), 1-min blocks. Boom: 2021 thanks to Elon Musk → ATH $0.74 (cap $90B). 2024-25: tied to DOGE govt dept (Trump+Musk). No utility, pure community speculation.
In plain words
The world's first memecoin, born in 2013 as a joke and BTC parody. No supply cap: ~5B new DOGE mined every year, so it structurally suffers from inflation. Price runs mostly on Elon Musk fans and occasional pumps. Large cap but no real utility.
Example
ATH May 2021: $0.74 (Elon SNL). Bottom 2022: $0.05 (-93%). Nov 2024 (Trump win): $0.45 (pumped from $0.10 in 4 weeks). Cap: $50B (top 10). Yearly emission: 5B DOGE = $1.5B new supply.
Also known as: DOGE, Dogecoin