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Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency started by Jackson Palmer and Billy Markus. It is considered an altcoin and an almost sarcastic meme coin. Launched in Dec. 2013, Dogecoin has the image of a Shiba Inu dog as its logo. While it was created seemingly as a joke, Dogecoin’s blockchain still has merit. Its underlying technology is derived from Litecoin. Notable features of Dogecoin, which uses a scrypt algorithm, are its low price and unlimited supply. Elon Musk has greatly impacted the stability of the Dogecoin price by remarking about its existence in tweets or on live television, Musk’s quote of Dogecoin “Going to the Moon” is a reference to the unlimited rise in value of the cryptocurrency. Although dogecoin has witnessed several high-profile hacks, the market is still strong for this meme-driven currency, at one point rising over 7,000% in value.