DOGE dates back to 2014 — making it even older than Ethereum, which launched in 2015. But unlike most cryptocurrencies, its team never had high hopes of it becoming the next big currency or changing the world.
Since it’s based on bitcoin, in theory, DOGE would be classed as an alternative currency. Plus, Elon Musk recently started accepting Dogecoin as a payment method for Tesla merch, which seems like the use case he foresees.
If you feel an illogical pull toward Dogecoin that you just can’t shake, you’re not the only one. Some might say it’s just a joke, but DOGE gained traction by taking inspiration from a meme and using it to give a middle finger to both the financial system and cryptocurrencies that take themselves too seriously.