Dogecoin is an alternative cryptocurrency, which was created in 2013. It is based on Litecoin and is quite similar to it from a technical standpoint. What separates Dogecoin from every other cryptocurrency is the fact that it uses Doge as its mascot. Doge is a meme associated with imagery of a Shiba Inu breed with colorful captions of the dog's supposed internal monolog. Originally intended as a joke currency, Dogecoin unexpectedly exploded thanks to a dedicated community of Doge fans, at one point reaching a market capitalization of more than $91 mln. The coin remains highly popular even in 2016.