Dogecoin (DOGE) draws inspiration from the widely recognized "doge" Internet meme, featuring a Shiba Inu on its logo. This open-source digital currency originated from the collaborative efforts of Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia. Launched in December 2013, Dogecoin emerged as a fork of Litecoin. The creators envisioned Dogecoin as a playful and whimsical cryptocurrency, aiming to extend its appeal beyond the conventional Bitcoin audience, owing to its association with a popular dog meme. Notably, Tesla CEO Elon Musk has expressed his fondness for Dogecoin through various posts on social media, proclaiming it as his preferred cryptocurrency.