Two programmers launched him in December 2013 as a joke. They were laughing at the industry, not joining it — they took a Shiba Inu meme as the logo and expected nobody to care. Eleven years later he is still here, worth 15.6 billion dollars.
He has no hard cap. Five billion new coins are minted every year, forever, so nobody treats him as a store of value. What he is good at is paying: small tips, quick transfers, and a community that actually spends him.
The wild year was 2021. One tweet could lift him, and in May he touched 0.73158 — a market value above 80 billion dollars, more than companies a hundred years old. Then he gave 86% of it back.
His cheapest day was 5 May 2015, at 0.0000869. A thousand dollars put in that day is about 1.15 million dollars today.
Right now he trades at 1, a 15.63 billion dollar market cap, rank 12, still 86.3% below his own record, and up 23.17% in seven days.
Where the money sits: whale long positions are 78.16% of the book, retail long accounts 72.05% — both sides leaning long. On the chart the daily MA20 (0.08712) is holding underneath, 1h RSI14 is 58.71, resistance 0.10594, support 0.0971 — short term it leans long.
This is still early in a bull market and everything looks cheap. Hold for the long run: start small at spot with $DOGE , and add on dips — the deeper it drops, the more you add.