DOGE Enthusiasts Rally on ’Dogeday’ Amid ETF Speculation
Dogecoin holders marked ’Dogeday’ with heightened Optimism as hopes for a Dogecoin ETF approval grow. The annual celebration, tied to April 20 (International Weed Day), has become a tradition for the DOGE community to showcase support, share memes, and reflect on milestones. Originally a joke cryptocurrency launched in 2013, Dogecoin has evolved into a major player in the crypto market, with its community eagerly anticipating further institutional adoption through a potential ETF.
Dogecoin Holders Celebrate ‘Dogeday’ Amid ETF Approval Hopes
Dogecoin holders are celebrating ‘Dogeday’ with hopes rising around upcoming Dogecoin ETF approvals. The phrase Dogeday first began circulating in 2021, associating itself with International Weed Day, April 20. Since then, Dogecoin fans have made it a tradition to use the day to show their support for the coin, share memes, and highlight key milestones. Originally starting as a joke in 2013, Dogecoin has grown into one of the largest cryptocurrencies, now the eighth largest by market cap, with a valuation of roughly $23.3 billion.
Dogecoin On The Launchpad – Analyst Calls For 500% Rally
Dogecoin investors received mixed signals this week as market analysts offered contrasting forecasts. One analyst, ’Steph is Crypto,’ predicts a 500% price jump based on a chart pattern seen before a previous market cycle where Dogecoin surged 501%. The pattern is reportedly developing again after a 129-day downtrend, suggesting Dogecoin could rise to $0.73583 if the trend holds.
Tesla Faces Brand Crisis as Musk’s DOGE Role Sparks Concern
Tesla is facing a “code red” situation as Musk’s involvement with DOGE has sparked a brand crisis. Ives, a long-time Tesla bull, has cut his price target for Tesla shares by 43% due to the brand crisis tied to Musk. He warned that China, which supplied more than a fifth of Tesla’s revenue last year, could retaliate against U.S. tariffs. Ives advised Musk to leave the government, take a step back from DOGE, and focus on being CEO of Tesla.
