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Dogecoin is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and an almost sarcastic meme coin. While it was created seemingly as a joke, its blockchain still has merit. Dogecoin was launched in December 2013. Its underlying technology is derived from Litecoin. Its market capitalization is under $500 million, and its market cap rank given by CoinMarketCap is 26. Dogecoin started as something of a joke, but after it was created, it gained a following, and by late 2017 it was participating in the cryptocurrency bubble that sent the values of many coins up significantly. After the bubble burst in 2018, Dogecoin lost much of its value, but it still has a core of supporters who trade it and allegedly use it to tip on Twitter.