Dogecoin is an open-source cryptocurrency started in 2013 by Jackson Palmer and Billy Markus. Dogecoin initially started as a joke based on a popular meme featuring a Shiba Inu (a Japanese breed of dog). It is based on Litecoin and uses the same proof-of-work technology.
Read moreHow much was Dogecoin when it first came out?
Its price first reached $0.10 on April 14 , before hitting a new high of $0.45 on April 16 (up 400% that week), with a volume of nearly $70 billion traded in the preceding 24 hours.
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