What is Dogecoin (DOGE)

Dogecoin (DOGE) began as a mockery of cryptos, namely the abundance of altcoins. DOGE's creators have openly claimed that the currency was a joke, and the currency hasn't had a substantial technological upgrade since 2015. Despite these truths, market forces have kept this cryptocurrency alive. According to the creators, it was never about the value of DOGE, but more about introducing people to the world of cryptocurrencies through a face many were already familiar with from an online meme – Doge. The creators aimed to overcome the hurdles to access Bitcoin and other cryptocurrencies, such as news of breaches and frauds, as well as technological complexity. For that purpose, they built a colorful and welcoming coin to welcome newbies to the cryptocurrency space.

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