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Dogecoin fans celebrate all over the world today as “Dougraday” An increasingly popular annual tradition highlights the emotional fans base of Meme Cryptocurrency. It was celebrated on April 20, and this fourth year represents the expansion of what was initially a joke on the Internet that turned into the eight in the encrypted currency in the market.
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The spirit of society nourishes the maximum market 23 billion dollars
What started as a joke project in 2013 became Gad money player With the market value of about $ 23.3 billion, based on Coingecko data.
Analysts attribute the success of Dogecoin to its strong society. Andy Lyan, Blockchain Adviser, “Bitcoin or Ethereum is covered, while inflation in Dogecoin helps young investors carry large bags.”
The currency offers about 5 billion new coins annually, while maintaining low entry fees for new expatriates. This strategy established a loyal fans base that appears in large numbers for the annual celebration on April 20, which initially caught in 2021 by aligned with the International Herbal Day.
Today is Anniveary Fourth #Dogeday
Dogecoin
Millions of millions loved by millions for fun at the level of base and encryption Flair!
What is the moment of Dog at your heart?#BitGetdoeday pic.twitter.com/kfgfx93Dyn
– Bitget (Pitgetglobal) April 20, 2025
ETF decisions may change the fate of Dogecoin
Some large financial institutions are currently waiting for the decisions surrounding Dogecoin etf The proposals, which can bring this cryptocurrency to the spotlight to the main investors.
According to the absolute sources of development, the requests are currently under study by the US Securities and Stock Exchange Committee (SEC) for BitWise, Grayscale, 21shares, Osprey and others.
Initial approvals may reach early May 18 for BitWise, then the deadline of Grayscale on May 21. But the Securities and Stock Exchange Committee can delay the final decisions until October.
With approval, these ETFS It would enable institutional investors such as pension funds and banks to invest in Dogecoin through standard stock exchanges, and possibly huge new money injection into the area.
Musk continues to provide popularity
The continuous Elon Musk’s continuous support for the continuous popularity of Dogecoin in the saturated currency market. Businessman behind Tesla and Spacex have constantly referred to Dogcoin as “People’s Correction”, as he frequently caused social media.
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Long -term sustainability is in doubt despite cultural follow -up
Not all join enthusiasm in society. Critics notice that unlike Bitcoin or ethereumDogecoin does not have technical features such as smart contracts and tricks. Its popularity depends on the noise on social media and its popularity of celebrities about technological developments.
Despite all this, retail marks such as #Douleday2025 and #dogCointothemoon were used on X. People have been published in the SHIBANU in -suit in satellite allowances, jokes related to future wealth, and videos that retain the length of the encrypted wheel in a guaranteed market.
Distinctive image from Gemini Imagen, the tradingvief chart
