{"id":60769,"date":"2025-04-21T09:30:18","date_gmt":"2025-04-21T09:30:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60769"},"modified":"2025-04-21T09:30:18","modified_gmt":"2025-04-21T09:30:18","slug":"dogecoin-turns-4-dogeday-party-picks-up-steam-on-etf-buzz","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60769","title":{"rendered":"Dogecoin Turns 4: \u2018Dogeday\u2019 Party Picks Up Steam On ETF Buzz"},"content":{"rendered":"

Dogecoin enthusiasts around the globe commemorated today as \u201cDogeday,\u201d<\/a> an increasingly popular annual tradition that highlights the meme cryptocurrency\u2019s passionate fan base. Celebrated on April 20, this marks the fourth year of expansion for what was initially an online joke turned eighth-largest cryptocurrency by market cap.<\/p>\n

Community Spirit Fuels $23 Billion Market Cap<\/h2>\n

What started as a joke project in 2013 has become a serious money player<\/a> with a market capitalization of about $23.3 billion, based on Coingecko data.<\/p>\n

Analysts attribute the success of Dogecoin to its robust community. \u201cBitcoin or Ethereum is capped supply, while inflation in Dogecoin helps small investors carry big bags,\u201d stated Anndy Lian, a blockchain advisor.<\/p>\n

The coin introduces around 5 billion new coins annually, maintaining entry fees low for newcomers. This strategy has created a devoted fan base that shows up in large numbers for the annual April 20th celebration, which initially caught on in 2021 by aligning itself with International Weed Day.<\/p>\n

Today is the 4th anniverary of #DogeDay<\/a> @dogecoin<\/a><\/p>\n

Our beloved OG meme are adored by millions for its grassroots fun and crypto flaire!<\/p>\n

Which Doge moment below lit your heart?#BitgetDogeDay<\/a> pic.twitter.com\/kfGfx93Dyn<\/a><\/p>\n

\u2014 Bitget (@bitgetglobal) April 20, 2025<\/a><\/p>\n\n

ETF Decisions May Alter Dogecoin\u2019s Destiny<\/h2>\n

Some of the large financial institutions are presently waiting for decisions surrounding the Dogecoin ETF<\/a> proposals, which could bring this cryptocurrency further into the limelight for mainstream investors.<\/p>\n

According to the sources that are privy to the development, applications are presently under consideration by the U.S. Securities and Exchange Commission (SEC) for Bitwise, Grayscale, 21Shares, and Osprey Funds among others.<\/p>\n

The initial approvals may arrive as early as May 18 for Bitwise, then Grayscale\u2019s deadline on May 21. But the SEC can delay final decisions until October.<\/p>\n

With approval, those ETFs<\/a> would enable institutional investors such as pension funds and banks to invest in Dogecoin through standard stock exchanges, potentially injecting massive new money into the space.<\/p>\n

Musk\u2019s Endorsement Keeps Fuelling Popularity<\/p>\n

Elon Musk\u2019s continued support has been essential to Dogecoin\u2019s sustained popularity in the saturated cryptocurrency market. The entrepreneur behind Tesla and SpaceX has continually referred to Dogecoin as \u201cthe people\u2019s crypto,\u201d with his social media posts frequently causing price spikes.<\/p>\n

Long-term Sustainability In Doubt Despite Cultural Following<\/p>\n

Not all join the enthusiasm in the community. Critics note that in contrast with Bitcoin or Ethereum<\/a>, Dogecoin has no technical features such as smart contracts and staking. Its popularity relies on the hype on social media and popularity from celebrities over technological advancements.<\/p>\n

In spite of all this, hashtags such as #Dogeday2025 and #DogecoinToTheMoon were being used on X. People posted memes of the Shiba Inu mascot in space suits, jokes pertaining to future riches, and videos commemorating the longevity of the cryptocurrency in a risky market.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin enthusiasts around the globe commemorated today as \u201cDogeday,\u201d an increasingly popular annual tradition that highlights the meme cryptocurrency\u2019s passionate fan base. Celebrated on April 20, this marks the fourth year of expansion for what was initially an online joke turned eighth-largest cryptocurrency by market cap. Community Spirit Fuels $23 Billion Market Cap What started […]<\/p>\n","protected":false},"author":0,"featured_media":60770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60769"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60769"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60770"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}