Dogecoin’s primary investment appeal lies in its status as the original memecoin, driven by a passionate and active community. Created in 2013 by Billy Markus and Jackson Palmer as a light-hearted alternative to Bitcoin, Dogecoin’s value is heavily tied to social media hype and endorsements from high-profile figures like Elon Musk. Its community, often referred to as the “DogeArmy,” leverages platforms like Reddit and X to drive awareness, tipping, and charitable initiatives, creating a self-reinforcing cycle of enthusiasm.