Doge Day Then and Now: Lackluster Buzz as Dogecoin’s Price Is 65% Lower Than Last Year

While April 20 oregon 420 is synonymous with cannabis culture, the time is besides considered “Doge Day,” by a large fig of dogecoin supporters. The time anterior connected Twitter, the Doge network’s co-founder Billy Markus asked what radical should expect connected Doge Day and for dogecoin’s terms action. 12 months agone dogecoin was swapping hands for $0.44 per portion connected Doge Day and contiguous the meme-based crypto plus is down 65.3% from that value.

Last Year During Doge Day, Dogecoin Was up 18,299% and Saw Fresh New Price Highs

Last year, the fashionable meme-token dogecoin (DOGE) saw phenomenal gains. Statistics amusement connected April 16, 2021, DOGE was up 18,299% against the U.S. dollar successful 12 months and arsenic April 20th, different known arsenic Doge Day approached, DOGE was awfully adjacent to $0.50 per unit. Year-to-date, metrics amusement DOGE is presently down 65.3% contempt gaining 19.2% implicit the past 30 days. DOGE besides reached an all-time precocious past twelvemonth astatine $0.731 per portion connected May 08, 2021, conscionable aft past year’s Doge Day. Since that day, DOGE has shed 80.7% successful worth against the U.S. dollar.

Last twelvemonth from mid-April up until mid-May, dogecoin (DOGE) markets and media hype was connected fire. In May 2021, it was reported that a Goldman Sachs enforcement reportedly resigned from monolithic DOGE gains, Elon Musk hinted astatine Tesla accepting DOGE for payments backmost then, and helium besides mentioned dogecoin connected Saturday Night Live erstwhile helium appeared connected the drama show.

Doge Day successful 2021 was a full batch antithetic for the meme token arsenic dogecoin got a large woody of attention. For instance, that period successful April, the fashionable speech amusement big Ellen Degeneres talked astir dogecoin with the Shark Tank co-star and billionaire capitalist Mark Cuban. One dogecoin capitalist told the press that period helium became a millionaire successful arsenic small arsenic 2 months. Another dogecoin capitalist donated her gains to a canine structure successful Florida aft DOGE reached caller terms highs successful April.

While 2022’s Doge Day May Be Lackluster, Dogecoin Is Still a Top 20 Crypto Asset and the Largest Meme-Based Digital Currency Today

This twelvemonth dogecoin markets and the hype surrounding the meme-based crypto person been highly lackluster compared to past year. On April 19, DOGE co-founder Billy Markus asked connected Twitter: “[Question:] what should we expect connected [Doge Day] for dogecoin terms enactment tomorrow? [Answer]: nothing.” Later successful the day, Markus tweeted: “Happy Doge Day,” with a canine GIF animation. There were plentifulness of dogecoin fans that tweeted celebratory statements astir Doge Day, but the day’s buildup was thing similar it was successful 2021.

DOGE/USD 12-month illustration connected 4/20/22. Dogecoin is down 65.3% since this clip past twelvemonth connected Doge Day.

Dogecoin is inactive the largest meme-based crypto plus by marketplace capitalization with $18.8 billion. DOGE besides commands the 12th largest marketplace capitalization retired of the 13,671 cryptocurrencies successful beingness today. It has besides inspired a myriad of meme-based crypto assets which are presently worthy $34.4 cardinal today. This included the apical meme cryptos beneath dogecoin’s marketplace headdress specified arsenic shiba inu (SHIB), dogelon mars (ELON), babe doge coin (BABYDOGE), and floki inu (FLOKI).

What bash you deliberation astir dogecoin lately and the quality betwixt past year’s and this year’s Doge Day? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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