Dogecoin is a decentralized, peer-to-peer digital currency that enables you to send money online easily. Initially intended as a joke, Dogecoin (DOGE) was created in 2013 by Jackson Palmer and Billy Markus to satirize the hype around alternative cryptocurrencies. The Shiba Inu dog from the "Doge" meme served as the mascot, and Dogecoin quickly developed its own online community. Over time, DOGE has served as a temperature gauge for the cryptocurrency market and has been popular among those new to the space.