From Cointelegraph
April 20, 2025 5:45 AM:

Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the community awaits Dogecoin-related ETF applications. Dogeday began four years ago during International Weed Day.

Despite being seen as a joke token, Dogecoin is the eighth-largest cryptocurrency with a market cap of $23.3 billion. It issues 14.4 million DOGE per day, with a daily inflation rate over $2.16 million.

Dogecoin’s appeal lies in its community enthusiasm, low entry barriers, and speculative nature. Its inflationary supply keeps prices accessible, typically under $1, attracting retail investors.

Dogecoin surpassed Porsche’s market cap in November 2024, driven by Elon Musk’s social media endorsements. Memecoins like Dogecoin rally based on social media hype alone.

The Dogecoin community anticipates the SEC’s decision on several DOGE-related ETF applications, including Bitwise, Grayscale, 21Shares, and Osprey Fund. Grayscale’s application deadline is May 21, while Bitwise could hear back by May 18.

Read more at Cointelegraph: Dogecoin holders celebrate ‘Dogeday’ 4/20 as ETF decision draws near