Home Finance Dogecoin latest: Twitter tries to make April 20 'Dogeday'

Dogecoin latest: Twitter tries to make April 20 'Dogeday'

0


What started out as a joke among certain quarters of Reddit has spiralled into a massive money-making opportunity for the early adopters of the cryptocurrency Dogecoin (DOGE). The currency was first started two years ago by a pair of Californian software engineers but over the past few weeks has gained major traction.

Dogecoin’s valuation has soared by more than 3,000 percent in two years and it now has a market valuation of more than $50billion (£35bn) – higher than Ford.

At the time of writing, Dogecoin is valued at $0.101 – up 10 percent in the last 24 hours.

However, the coin’s record high of $0.434 was met at 2.59pm on April 16.

Whether the bubble will burst on Dogecoin is up for debate, but fans of the cryptocurrency are now looking to turn April 20 into ‘Dogeday’ to celebrate its meteoric rise.

What is Dogeday?

Much like the cryptocurrency and the subsequent meme Dogecoin is based on Dogeday is an online joke.

However, in a similar vein to Dogecoin, what started as a humorous activity now appears to have gained incredible traction once again.

Hundreds of thousands of people have taken to Twitter to voice their approval in making April 20 ‘Dogeday’.

In the UK, it is the 17th highest trending topic at the time of writing, prompting countless memes of the Shiba Inu dog looking as confused as the rest of us trying to make sense of Dogecoin’s sharp rise.

READ MORE: Dogecoin price live: What’s the price of Dogecoin now? Will it hit $1?

One person wrote on Twitter: “It won’t stop rising, get in while you still can.”

Another person screamed: “GOOD MORNING USA!! DO YOU KNOW WHAT DAY IT IS?????? #DogeDay.”

A third said: “Tonight shall be magical if we make it this way. And have a GREAT #DOGEDAY!”

Even major brands are involved in calling for April 20 to become Dogeday, with Snickers tweeting a picture of the dog on one of its packets.

Snickers said: “Guess what day it is? #DogeDay. Tomorrow? #DogeDay420 😎 (not an actual Snickers pack, just a cool #doge gif).”

Some are trying to couple Dogeday with the annual marijuana smoking day of April 20, or 4/20.

This has prompted breakout hashtags of #Dogeday420 as memers and stoners make their mark on the financial market.

According to Coindesk, the increased attention in Dogecoin has caused its value to rocket once more, leading to a 15 percent spike in the past 24 hours.

As it stands, one token currently costs $0.409694, although this is fluctuating wildly at the moment.



LEAVE A REPLY

Please enter your comment!
Please enter your name here