Dogecoin holders all over the world celebrate “DouadeY” on April 20, where the Memecoin community awaits the upcoming deadlines for the applications of the DOGECOIN box (ETF) applications.
Dougrade is an informal holiday for the Dogecoin (Doge) community. Four years ago, a force in the Memecoin community was gained in 2021, during the International Weity Day on April 20.
Despite its reputation as a joke symbol, Dogecoin is still the eighth largest encrypted currency depending on the market value, which is currently $ 23.3 billion, According to To Coinmarketcap.
Dogoin’s distinctive symbol was often criticized for the 14.4 million DOGE version in trading daily, giving it a daily inflation rate of more than $ 2.16 million.
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Dogecoin’s survival “stems from a mixture of enthusiasm by society, low entry barriers, and speculative attractiveness,” according to Andy Lyan, author and expert of Blukin International.
Lyan told Cointelegraph, adding: adding: adding: adding: adding: adding:
“Unlike Bitcoin or Ethereum, the inflationary offer for Dogecoin – adding approximately 5 billion currencies annually – keeps the prices available, usually less than one dollar, making it an attractive psychological for retail investors.”
“The retail call is amplified through the brand that Meme drives from Dogecoin, which has resonance with younger investors and cunning on the Internet,” explained.
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Memecoins, such as Dogecoin, lacks the basic Blockchain cases and usually collects based on social media and retail noise alone.
In November 2024, Dogecoin exceeded the market value of Porsche, constantly driven by social media approvals by billionaire Elon Musk.
Dogecoin is awaiting the deadline date in May
Dogcoin is closely monitoring the American Securities and Stock Exchange Committee as it weighs many ETF applications.
There are four files that are awaiting approval: The Bitise Dogecoin Etf, Grayscale Dogecoin ETF, and 21shares Dogecoin Etf and Ospreycoin ETF box.
The GrayScale ETF app is to a response on May 21 after the Supreme Education Council delayed its decision on the multiple Crypto ETF files.
The BitWise file may receive a response on May 18, which represents the end of the 75-day first review period from SEC after presenting 19B-4. However, the 240 -day review period can enable the organizer to delay the decision until October 2024 for both deposits.
ETF applications from 21shares and Osprey are still hanging a review of their 19B-4 files, with no specific deadline from the securities regulator.
https://www.youtube.com/watch?
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