DOGE Overview

Founded: 2013

Key persons: Billy Markus and Jackson Palmer, Elon Musk

Capitalization: $30,217,574,678

Trading volume (24h): $1,364,776,903

CoinMarketCap rank: 10

DOGE general project description

Mem-inspired cryptocurrency was designed as a simplified version of Bitcoin, but with a faster block creation and a larger number of tokens issued. Shortly after the launch, DOGE became quite popular, but within a few years, the interest in this cryptocurrency waned considerably. The second wave of interest was associated with social media that picked up DOGE as an easy to understand example of blockchain implementation. Because coin value was extremely low, and the financial purchase barrier was almost non-existent, immediately a large number of people picked up the DOGE pumping up the coin price “to the moon”.

Current state (ecosystem and partners)

The Doge token is currently the most prominent example of a decentralized cryptocurrency. After it’s first developers stepped back from project development in 2015, it is the community that determines project’s development. After the token holders voted to select Elon Musk as the project’s CEO on April 1, 2019 and the public discussion ensued, the project evolved into a flashy meme token — a distinct element of the new market model of the “attention economy”.

Future plans and development (roadmap)

The basic code of the project was written a long time ago and is based on a fairly stable version of the Bitcoin hardfork — Litecoin, the only development of the project can be linked to the increased use of the token in various areas of the crypto economy. Thus it is a no-purpose coin, still many crypto exchanges have already listed Doge. One of the largest brokers, Robinhood, is also providing its clients with Doge trading. Project community is one of the largest and most loyal in the crypto space.