Dogecoin holders celebrate ‘Dogeday’ today 4/20

[TomPluz]

Despite over $2 million in daily inflation, Dogecoin remains the dominant memecoin as ETF decisions from the SEC approach. Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the memecoin’s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications.

Dogeday marks the unofficial holiday of the Dogecoin community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.

Despite its reputation as a joke token, Dogecoin remains the eighth-largest cryptocurrency by market capitalization, currently valued at $23.3 billion, according to CoinMarketCap.

Dogecoin’s tokenomics have often been criticized for issuing 14.4 million worth of new DOGE into circulation per day, giving it a daily inflation rate of over $2.16 million.

You can read more of this in Cointelegraph.


Happy Dogeday to all hodlers, supporters, enthusiasts and traders of Dogecoin. Just like many of us here, am not really a big fan of memecoins but maybe I am making an exemption of this one though I don't have Dogecoin in my wallets. There is a big chance of this memecoin to explode if SEC will eventually say YES to its ETF formation...and if you think that can really happen why not buy some Dogecoin on its special day today?

What is your honest opinion on the future of Dogecoin from hereon?

[Zed0X]

What is your honest opinion on the future of Dogecoin from hereon?

Wasn't there a time when Dogecoin was really congested and sending Doge was like higher than sending BTC? It's probably the time when price was over $0.50 So imagine if the coin blows up again and surpass $1 due to ETF and other factors? I don't think it would be utilized as before. Investors would be happy but regular users would look for cheaper alternatives to transfer funds.

[bitterguy28]

What is your honest opinion on the future of Dogecoin from hereon?

Wasn't there a time when Dogecoin was really congested and sending Doge was like higher than sending BTC? It's probably the time when price was over $0.50 So imagine if the coin blows up again and surpass $1 due to ETF and other factors? I don't think it would be utilized as before. Investors would be happy but regular users would look for cheaper alternatives to transfer funds.

i do not know what other reasons there could be that could blow up doge again aside from elon musk promoting it again by using it on his companies like x and tesla or his other ventures

we know that trump dont want anything to do with it so doge holders should stop hoping for that and instead use doge for its appropriate use

[NotATether]

Dogecoin is the godfather of memecoins. Therefore, it is fitting that it gets its own holiday. And, unlike these cheap wannabe imitations of memecoins, Dogecoin is not a scam and cannot rugpull anyone.

I guess the investor confidence despite the obscene inflation can be explained by the fact that it is whales who govern blockchain monetary policy, not governments, exchanges, or developers.

[philipma1957]

Dogecoin is the godfather of memecoins. Therefore, it is fitting that it gets its own holiday. And, unlike these cheap wannabe imitations of memecoins, Dogecoin is not a scam and cannot rugpull anyone.

I guess the investor confidence despite the obscene inflation can be explained by the fact that it is whales who govern blockchain monetary policy, not governments, exchanges, or developers.

lets here it for Doge Oligarchs.

Seriously Doge's greatest strength is the gear mining it.

There are a lot of mining units only BTC has more .

[LogitechMouse]

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Happy Dogeday to all hodlers, supporters, enthusiasts and traders of Dogecoin. Just like many of us here, am not really a big fan of memecoins but maybe I am making an exemption of this one though I don't have Dogecoin in my wallets. There is a big chance of this memecoin to explode if SEC will eventually say YES to its ETF formation...and if you think that can really happen why not buy some Dogecoin on its special day today?

What is your honest opinion on the future of Dogecoin from hereon?

I would love to buy some DOGE, but not today despite the 20th of April being the DOGEDAY. I'll just celebrate the day, but I'll only buy the token when we enters the bear market season already.

I've said it in the past already that I will buy DOGE in respect for it's face which is Kabosu, but I'll wait until the bear market starts so that I can maximize the profit. As for the future of DOGE, it will remain as the top meme coin if not one of the top meme coins. I mean it's the OG of all the meme coins and investors tend to focus more on the OG coin than it's copycats (at least based on my experience).

DOGE will remain at the top that's for sure. The community is there supporting the coin, and with an ETF being accepted, I'm pretty sure more will buy that coin as well... or not?

[Z-tight]

I don't have any dogecoin in my wallet, but if dogecoin holders are celebrating something today, then happy celebration to them. I don't have any memecoins as part of my holdings, i know many people say dogecoin is different, but i don't just fancy it or any memecoin.

[Lucius]

I have great sympathy for this coin, considering that it was the first one I encountered in the world of cryptocurrencies, which not only survived to this day, but also has great support from the community.

On the one hand, some criticize its unlimited supply, but on the other hand, I agree with @philipma1957 that miners are the ones who have great credit for this coin being still popular. If mining stopped for some reason, I think DOGE would lose a lot, because let's look at what happened to ETH after it switched to PoS.

As for the ETF for this coin, it is possible that its price will increase slightly because of this, but my opinion is that the price will not explode as some imagine.

[Rubel007]

It is natural that there will be a lot of excitement when get this kind of news. Those who have been holding Dogecoin for a long time will definitely expect a good thing from this day. Although there have been various discussions about Dogecoin in the past, there has not been much excitement about the coin or even if it was seen, it was for a temporary period. What is seen now is that if its ETF is approved, then a big bullish trend can definitely start with this memecoin. I will definitely try to buy some Dogecoin as per convenience.

Elon Musk has been doing various kinds of campaigns about Dogecoin. Some have also spread various kinds of rumors, which is why I think that all of those can end if the coin gets permission for ETF trading.

[philipma1957]

I have great sympathy for this coin, considering that it was the first one I encountered in the world of cryptocurrencies, which not only survived to this day, but also has great support from the community.

On the one hand, some criticize its unlimited supply, but on the other hand, I agree with @philipma1957 that miners are the ones who have great credit for this coin being still popular. If mining stopped for some reason, I think DOGE would lose a lot, because let's look at what happened to ETH after it switched to PoS.

As for the ETF for this coin, it is possible that its price will increase slightly because of this, but my opinion is that the price will not explode as some imagine.

There are close to 3.02 ph in miners for doge.

That is 3020th
That is 3,020,000gh

The L9 is the newest miner and it cost over 15,000 usd

It is 17 gh about 178,000 miners for the network if it were fully l9 units you would have 2.3 billion in gear to mine scrypt which is merge mining of ltc and doge

2.3 billion worth of gear.

If it were part l7 and part l9 and some other good units it would be maybe 1.9 billion worth of gear.

That is a ton of money on gear.

Only one network has more gear the sha 256 network has more gear

[philipma1957]

I have great sympathy for this coin, considering that it was the first one I encountered in the world of cryptocurrencies, which not only survived to this day, but also has great support from the community.

On the one hand, some criticize its unlimited supply, but on the other hand, I agree with @philipma1957 that miners are the ones who have great credit for this coin being still popular. If mining stopped for some reason, I think DOGE would lose a lot, because let's look at what happened to ETH after it switched to PoS.

As for the ETF for this coin, it is possible that its price will increase slightly because of this, but my opinion is that the price will not explode as some imagine.

There are close to 3.02 ph in miners for doge.

That is 3020th
That is 3,020,000gh

The L9 is the newest miner and it cost over 15,000 usd

It is 17 gh about 178,000 miners for the network if it were fully l9 units you would have 2.3 billion in gear to mine scrypt which is merge mining of ltc and doge

2.3 billion worth of gear.

If it were part l7 and part l9 and some other good units it would be maybe 1.9 billion worth of gear.

That is a ton of money on gear.

Only one network has more gear the sha 256 network has more gear

810 eh for sha 256: that is




810000ph
810,000,000 th

The s21 xp is 8000 usd and is 270 th

810,000,000/270=3,000,000 x 8,000 is 24 billion in gear.

So 2 billion in gear to protect scrypt

And 24 billion in gear to protect sha 256

Fast math shows that scrypt has more gear value per marketcap

And sha 256 has less gear value per marketcap.

This is why I like scrypt coin like doge.

It meme origins have zero meaning to me.its hashrate has a lot of meaning

[bayu7adi]

I admit that doge is a memecoin with a very large and strong community... they can survive until now amidst the storm of trash memecoins that continue to emerge... I myself believe doge as the leader of memecoins and has better long-term potential compared to the memecoins that have recently been launched...

The SEC's decision regarding ETFs has indeed attracted the attention of new investors... and it seems that it has built positive sentiment for DOGE until the official announcement from the SEC is announced publicly.... there is still a possibility of being rejected on the first application, but DOGE deserves a position in the ETF because this coin is strong enough.. to be held because of its very good liquidity....

[hugeblack]

Dogeday marks the unofficial holiday of the Dogecoin community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.

Does anyone know why April 20th was chosen? There seems to be a nice story with Weed Day.
Dogecoin has an active community unlike many memecoins which are generally for profit.

[Gposas]

I never knew about the DOGEDAY celebration... It's quite great for the Doge lovers. I am willing to add some Doge to my portfolio though as regards to it's ETF news. As this could possibly bring a price favor for the token but I don't want to hold it for a long term because of its meme feature.

I just guess it's right time for me to start following up news related to Doge so I won't miss out.

[Aanuoluwatofunmi]

Doge is one of the most celebrated coins and having a special day reserved for its celebration is never a wrong idea, we know how this same coin has helped investors in the past and how it still have promising future, this is one of the coins I can vouch someone to invest, if we can celebrate their leader which is bitcoin, then it's not bad if the lovers of dogecoin could merger together in celebrating this coin they have always been investing upon and appreciate it's consistencies.