During December 2013 and January 2014, Dogecoin&8217;s developers discussed in public forums whether the inflation rate should be changed and, on February 2, 2014, Dogecoin founder Jackson Palmer announced that the supply of coins would remain uncapped, resulting in the constant reduction of its inflation rate over a long time. Dogecoin began to lose steam on Tuesday, and now, the cryptocurrency is trading at about 28 cents, according to CoinGecko, solana crypto price with a market value of about $36 billion. Markus created dogecoin, based on the Doge shiba inu meme, in "about two hours" in 2013 as a parody of the better-known cryptocurrency bitcoin; the "absurdity of Dog Money," as he puts it, is by design. But investors aren't in it strictly for the memes, he says.