Coincheck, Inc., a subsidiary of Monex Group, Inc., has added Dogecoin (DOGE) to the lineup of investment instruments.
Dogecoin (DOGE) is a meme coin (a cryptocurrency developed based on internet jokes) created in 2013 as a satirical commentary on the cryptocurrency industry at the time. It is based on the meme featuring a Shiba Inu image, “Doge.”
Without a white paper outlining the project’s vision or development goals, Dogecoin was initially regarded as a “joke currency” at its release.
However, with the growing popularity of meme coins, Dogecoin experienced a surge in value in January 2021 when Tesla CEO Elon Musk commented on it.
In November 2024, following Donald Trump’s election as U.S. President, a new government organization called the Department of Government Efficiency (DOGE) was established to streamline government operations. With Elon Musk appointed as its head, Dogecoin’s price skyrocketed, earning it 7th place in market capitalization rankings. It has since become one of the most talked-about cryptocurrencies.
