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Dogecoin

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms.

Dogecoin was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. Palmer tweeted the idea and Markus approached him to partner on making the concept a reality. 

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms. 

Dogecoin’s circulating supply currently exceeds 131 billion. The total supply is uncapped, meaning there is no limit to the amount that can be mined. 

In early 2021, Dogecoin won the adoration of influential figures including Tesla CEO Elon Musk, NBA team owner Mark Cuban, and Snoop Dogg. SpaceX completed a space mission funded by Dogecoin, and Cuban said the Dallas Mavericks would accept payment in DOGE.

A US judge tossed the class action lawsuit accusing Elon Musk and his company Tesla of manipulating the Dogecoin (DOGE) market. A group of disgruntled DOGE investors sued Musk in 2022, accusing the business magnate of orchestrating a pump-and-dump via a series of public comments about the popular memecoin.

US Judge Dimisses Class Action Dogecoin (DOGE) Lawsuit Against Elon Musk and Tesla

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Friday that he would like to have the option of paying with meme cryptocurrency Dogecoin (CRYPTO: DOGE) reinstated for the company's merchandise. What Happened: “Me,” Musk wrote in reply to an X user who asked whether anyone would like Tesla to reinstate the option of paying with Dogecoin for its merchandise.

Tesla CEO Elon Musk Wants To Bring Back Dogecoin As A Payment Option To Buy Company's Merchandise

Bitcoin

Ethereum

Cryptocurrency markets are trading lower as Bitcoin supply from exchanges dropped significantly over the past two days. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $58,842.68 -1.05% Ethereum (CRYPTO: ETH) $2,507.25 -1.1% Solana (CRYPTO: SOL) $136.27 -3.1% Dogecoin (CRYPTO: DOGE) $0.1005 +0.7% Shiba Inu (CRYPTO: SHIB) $0.00001386 -1.7% Notable Statistics: IntoTheBlock data shows a 21.4% drop in large transaction volume and a 1.06% fall in daily active addresses.

Bitcoin, Ethereum, Dogecoin Enter The Weekend Wrapped In Red: '$60,000 Is The Level To Reclaim, Until Then, Choppy Waters'

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Elon Musk's Dogecoin class action lawsuit win, BlackRock's first spot Bitcoin ETF net outflows since May and more

In 2022, a group of investors alleged that Elon Musk and his company had manipulated the price of dogecoin using their X (then Twitter) accounts.

Elon Musk, Tesla Win Dismissal of Lawsuit Alleging Dogecoin Market Manipulation

Largely followed crypto analyst Altcoin Sherpa is warning that more weakness is ahead for one large-cap memecoin. The pseudonymous trader tells his 221,500 followers on the social media platform X that Dogecoin (DOGE) could depreciate by over 10% from its current level, even after bleeding more than 20% this month.

‘Pains Me to Say It': Large-Cap Memecoin To Keep Bleeding, According to Crypto Trader – Here Are His Targets

Elon Musk and Tesla won a class action lawsuit in 2022, which alleged Musk's comments manipulated the Dogecoin market.

Elon Musk cleared in Dogecoin class action lawsuit

Pepe

Shiba Inu

Popcat, the cryptocurrency market's biggest gainer this year, plunged steeply Thursday, even as the broader memecoin market remained flat. What happened: The cat-themed cryptocurrency tumbled more than 8% in the last 24 hours, marking a sharp reversal from the previous day's rally.

Cat-themed Popcat Tumbles Over 8% — Dogecoin, Shiba Inu, Pepe Little Changed

Elon Musk and Tesla have successfully fended off a lawsuit alleging manipulation of Dogecoin (DOGE)'s price.

Tesla CEO Elon Musk Cleared in $258 Billion Dogecoin Lawsuit

Elon Musk and his electric vehicle company, Tesla Inc. (NASDAQ:TSLA), have successfully dismissed a federal lawsuit accusing them of defrauding investors through insider trading and manipulating the meme cryptocurrency Dogecoin (CRYPTO: DOGE). What Happened: As reported by Reuters, the decision was delivered on Thursday night by U.S. District Judge Alvin Hellerstein in Manhattan.

Elon Musk And Tesla Triumph In Dogecoin Insider Trading Lawsuit, Judge Says Investors Can't Rely On Tweets To Pursue Securities Fraud Claim

Leading cryptocurrencies seesawed Thursday as former President Donald Trump teased a plan to make the U.S. the "crypto capital of the planet."

Bitcoin, Ethereum, Dogecoin Remain Choppy — Trader Says 'Still Holding Long, Ready To Add ' If King Crypto Dips Lower

The lawsuit centered on Musk's various public statements about Dogecoin, primarily made via his posts on Twitter in recent years.

Tesla, Musk Dodge $258 Billion Dogecoin Lawsuit as Federal Judge Dismisses Case

Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading, causing billions of dollars of losses.

Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin

Cryptocurrency markets are up after Ark Invest sold $100 million in BTC on Wednesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,389.90 +0.15% Ethereum (CRYPTO: ETH) $2,527.79 +0.5% Solana (CRYPTO: SOL) $140.31 -3% Dogecoin (CRYPTO: DOGE) $0.0991 -0.6% Shiba Inu (CRYPTO: SHIB) $0.00001399 +0.5% Notable Statistics: IntoTheBlock data shows a 12.3% drop in Bitcoin's large transaction volume and a 6.6% increase in daily active addresses.

Bitcoin, Ethereum, Dogecoin Struggle To Push Higher: 'The Same Channel We've Spent The Past 6 Months Inside'

Dogecoin's (CRYPTO: DOGE) poor performance compared to other meme coins continues to be cause for debate among traders. What Happened: Pseudonymous trader Anbessa, who by his own account accurately predicted DOGE's 8,000% rally in the past, is now signaling a shift in the meme coin landscape.

Dogecoin 'Keeps Bleeding' But Risk/Reward Ratio Now Favorable, Trader States

Cryptocurrency markets are trading lower for the third consecutive day despite rising whale transactions. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,247.45 -4.5% Ethereum (CRYPTO: ETH) $2,516.88 -2.7% Solana (CRYPTO: SOL) $145.35 -6% Dogecoin (CRYPTO: DOGE) $0.0996 -4.5% Shiba Inu (CRYPTO: SHIB) $0.00001392 -3.7% Notable Statistics: IntoTheBlock data shows a 37.1% increase in Bitcoin's large transaction volume and a 3.2% rise in daily active addresses.

Bitcoin, Ethereum, Dogecoin Lose Ground With Third Consecutive Day In The Red

The cryptocurrency market dramatically plunged Tuesday evening, triggering a sharp wave of liquidations.

Bitcoin, Ethereum, Dogecoin Tank As Over-Heated Longs Get Wiped Out: Analyst Says Take A Stock Of This Before Turning Optimistic On King Crypto

Cryptocurrency markets are trading lower as markets await economic data releases and Nvidia earnings later this week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,095.80 -2.3% Ethereum (CRYPTO: BTC) $2,589.24 -3.9% Solana (CRYPTO: SOL) $154.87 -2.2% Dogecoin (CRYPTO: DOGE) $0.1045 -0.9% Shiba Inu (CRYPTO: SHIB) $0.00001447 -0.2% Notable Statistics: Bitcoin's large transaction volume surged 54.8%, together with a 23.6% increase in daily active addresses, according to IntoTheBlock data.

Bitcoin, Ethereum, Dogecoin Slide Further: 'I Wonder If Someone Knows Something,' Trader Wonders

Cryptocurrency markets are trading lower as crypto liquidations dropped to their lowest since June 29. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,454.33 -1.2% Ethereum (CRYPTO: ETH) $2,688.82 -2.8% Solana (CRYPTO: SOL) $158.25 -0.5% Dogecoin (CRYPTO: DOGE) $0.1054 -4.01% Shiba Inu (CRYPTO: SHIB) $0.00001448 -4.05% Notable Statistics: IntoTheBlock data shows an 11.5% decrease in large transaction volume, while daily active addresses dropped by 12%.

Bitcoin, Ethereum, Dogecoin Have A Slow Start To The Week: 'Would Be Good To See Minor Red,' Trader Posits

Dogecoin (CRYPTO: DOGE) may be due a rally in September after the current bottom formation, according to traders. What Happened: Crypto analyst Dima James Potts thinks the meme coin is poised for a bull run potentially starting as early as September's first week.

Dogecoin Forming A Bottom, Poised For Bull Run Starting Early September, Trader Says

International Dog Day, observed across the world on Aug. 26, is a special day to celebrate the presence of canines in our lives and cherish their companionship. The cryptocurrency space also has a special affinity with these cute critters, thanks to the numerous popular dog-themed memecoins that have emerged in recent years.

From Shiba To Dogecoin, Here Are The Best-Performing Canine Memecoins Of 2024 Fetching Great Returns On International Dog Day

Leading cryptocurrencies consolidated over the weekend after the Federal Reserve's dovish signal spurred a rally.

Bitcoin, Ethereum, Dogecoin Hold On To Gains Made After Fed's Rate Cut Signal: Analyst Sees No 'Significant' Resistance For King Crypto Until $85K

The price of Dogecoin (DOGE) has risen above the moving average lines but remains trapped below the 50-day SMA.

Dogecoin Price Pulls Back And Starts Its Range Below $0.1155

Cryptocurrency markets are trading higher following Federal Reserve Chair Jerome Powell hinting that the time has come for policy to adjust implying a shift towards cutting interest rates.

Bitcoin, Ethereum, Dogecoin Welcome The Weekend With 'Golden Cross Formation,' Trader Says 'Cycle Can Trump The 2016-2017 Cycle'

Leading cryptocurrencies moved sideways as investors took caution ahead of Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium.

Bitcoin, Ethereum, Dogecoin Flat Ahead Of Fed Chair Jerome Powell's Jackson Hole Symposium Speech: Analyst Predicts King Crypto's Rally Past $70K If It Breaches This Level

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