What is dogecoin and what determines its value? Dogecoin (DOGE) is categorised as a meme-coin created as a funny meme that made fun of the serious tone that cryptocurrencies had at the time of their creation. Dogecoin creators copied Bitcoin’s code word for word and only changed the Bitcoin keyword in its whitepaper. They replaced the word ‘Bitcoin’ with ‘Dogecoin.’ One significant difference between the two is their maximum supply. While Bitcoin has a hard cap of 21 million coins as supply, Dogecoin has no limit. There’s no limit to the number of visit this hyperlink Dogecoin released to the public. As for use cases, Dogecoin can be used for payments and asset transfers. However, it doesn’t quite work as a store of value. Its price is incredibly volatile – even more so than Bitcoin.