What is Dogecoin, the cryptocurrency that outperformed Bitcoin, Ether since Trump's victory

Bitcoin hit a new all-time high, surpassing $87,000, fueled by Donald Trump's election victory and expectations of favorable cryptocurrency regulations. Dogecoin also experienced a surge, driven by Elon Musk's endorsements and positive market sentiment. Created as a lighthearted meme, Dogecoin operates on its own blockchain and utilizes a proof-of-work mechanism.