What is Dogecoin (DOGE)?
Dogecoin (DOGE) fact sheet with live price · reviewed November 4, 2026
Dogecoin is a cryptocurrency created in December 2013 as a joke based on the "Doge" meme. It became one of the most widely held coins, helped by a loyal community and posts from Elon Musk. It runs on its own proof-of-work blockchain and has no maximum supply.
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Key facts
| Launched | December 2013 |
|---|---|
| Created by | Billy Markus and Jackson Palmer |
| How it's secured | Proof of work (Scrypt), merge-mined with Litecoin |
| Supply | No maximum; 10,000 new DOGE per block, about 5.26 billion a year |
| New blocks | About every minute |
| Ways to invest besides coins | US Dogecoin ETPs since late 2025 |
Who runs it
No company. Volunteer developers maintain Dogecoin Core, the Dogecoin Foundation supports the project, and miners secure it, mostly the same miners that secure Litecoin. Neither founder is involved today.
What it's used for
Tipping, small payments and, above all, trading. It's the original meme coin.
How it works
Miners add a block about every minute and earn 10,000 new DOGE plus fees. Because the reward never stops, supply grows by a fixed amount each year, so the percentage inflation slowly falls.
Where things stand (November 2026)
The first US exchange-traded products holding Dogecoin launched in late 2025. Its price still moves heavily with social-media attention.
Risks to know
- Its price moves heavily on social media and celebrity posts.
- Unlimited supply means about 5 billion new DOGE are created every year.
- Fake "Dogecoin giveaway" scams using celebrity videos are common.
Buying and storing it
If you decide to buy, use a regulated exchange you reach directly, check fees with the true cost calculator, and store long-term holdings in a wallet you control, with the seed phrase written down offline. Read how to buy crypto safely. This page isn't a recommendation to buy.
Questions
Is Dogecoin a real cryptocurrency?
Yes. It started as a joke but runs on its own proof-of-work blockchain.
Does Elon Musk own Dogecoin?
No one owns Dogecoin. Musk has promoted it, and Tesla accepts it for some merchandise, but he doesn't control it.
Compare Dogecoin
See it side by side, with live data: Dogecoin vs. Shiba Inu. Convert it with the DOGE to USD converter. Track it in the private portfolio tracker.
Where to next
Sources
Facts checked against the sources listed, as of November 4, 2026. Live price data by CoinGecko. Educational only; not financial advice. How we write and check pages.