The Shiba Inu-adorned Dogecoin is back up near its record high of $0.40. And users of the made-up coin are attaching themselves to a made-up holiday to push their beloved DOGE over $1.00—or, failing that, $0.69 (because you know why).
Unlike Bitcoin and most other cryptocurrencies, Dogecoin was designed in 2013 as a joke. Its primary use case over the years has been to deliver LOLs, if not returns, to its ragtag community members. (However, its low value has made it somewhat popular as a tipping token, like pennies in a jar—only enough to make a difference in the aggregate.)
But with the currency experiencing a celebrity-endorsed revival from the likes of Elon Musk and Mark Cuban, Dogecoin enthusiasts have taken to Twitter and Reddit to publicize tomorrow's 4/20—an unofficial holiday celebrating cannabis use—as Doge Day. Doge holders are planning on purchasing the coin in large numbers to drive the price up; they want others to do so as well.
Source