Dogecoin's emblem and name are inspired by the Shiba Inu dog from the "Doge" meme. Dogecoin was named after a once-popular meme and was designed at least in part as a lighthearted joke for crypto aficionados. Doge began to make fun of Bitcoin in earnest. Dogecoin is no longer a joke, since its value has skyrocketed and continues to rise.