The Dogecoin (CRYPTO: DOGE) was created in 2013 by Jackson Palmer and Billy Markus as a joke based on a popular meme portraying a Shiba Inu. 

The crypto coin has garnered much popularity following Tesla Inc (NASDAQ:TSLA) CEO Elon Musk's endorsement of the meme coin as his favorite cryptocurrency. 

Dogecoin has made way for more meme coins such as Shiba Inu (CRYPTO: SHIB), Dogelon Mars (CRYPTO: ELON), and Floki Inu (CRYPTO: FLOKI), and many more. 

In a Tweet, Markus, who goes by the pseudonym Shibetoshi Nakamoto on Twitter, outlined how he'd like the Dogecoin community to utilize the crypto. 

here is my desire for dogecoin:

– people actually use it for something beyond pump and dump bullshit so it has a reason to exist

– the community understands what crypto is and what the crypto market is and knows that it's all kinda dumb and has fun with it

that's about it

— Shibetoshi Nakamoto (@BillyM2k) June 17, 2022

Markus also urged people to keep working on the meme coin, adding more utility and security. Elon Musk responded, suggesting that Dogecoin should operate more like a currency.

More currency-like

— Elon Musk (@elonmusk) June 18, 2022

Also Read: Musk Reacts To Jack Dorsey's Bitcoin Web5 Project, Says Dogecoin Web69 Would Be Fire 

Markus spoke about Dogecoin and said he created DOGE as a "satire" to show "how many dumb coins exist." 

$doge: made 8 years ago as satire of the cryptocurrency scene and how many dumb coins exist, at a time when the scene took itself super seriously. got popular despite this. founders made barely anything.

current “meme” coins: made to make founders rich.

we are not the same.

— Shibetoshi Nakamoto (@BillyM2k) May 17, 2022

Photo: Created with an image from Ministério Das Comunicações on Flickr