What is dogecoin?

Dogecoin is one of the world's most talked about cryptocurrencies, but what is dogecoin and why are people talking about it?

Dogecoin
(Image credit: Getty Images)

Dogecoin is back in the news amid murmurs well known DOGE fan Elon Musk is looking to launch financial services to compete with traditional banks on X (formerly Twitter) next year. But what is dogecoin and why is this speculation so potentially important for the cryptocurrency? 

What is dogecoin? 

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Angela Madden

With more than 25 years as a journalist and editor, Angela’s work has appeared in outlets across the globe and at one stage she was the only female and youngest financial correspondent in the UK. Her articles have appeared in The Huffington Post, most UK and Irish nationals, including the Daily Telegraph, Sunday Times, Mail on Sunday, Scotland on Sunday and Business Post as well as myriad trade publications such as FT Adviser, MandateWire, Funds Europe, Global Legal Post, Smart Cities World and ESG Clarity US. 

She also served as group editor and general manager for 13 titles across the island of Ireland and was a regular TV media commentator. While serving as Manhattan-based America correspondent she spent six weeks in Huntsville, Texas, becoming the first person to research the economics of the infamous prison which included interviewing prisoners just two weeks before their execution. Able to get under the bonnet of any subject, Angela has also helped start-ups, the world’s largest companies, governments and economic development agencies tell their stories.