The popularity of Dogecoin has skyrocketed in the first half of 2021. The coin has created a lot of buzz, as demonstrated by its substantial price increase in 2021. DOGE was founded in 2013 and has had a tumultuous history. Despite the price increase, the asset is subject to substantial inflation, as miners continue to add millions of dollars to the market on a regular basis. According to CoinMarketCap, there are currently over 129 billion DOGEs in circulation.