Doge Day: What’s the Hype All About?

The Dogecoin community is excited for DOGE Day on April 20th. This day celebrates the popular meme coin, which started as a joke but has made a mark in the crypto world.

What’s DOGE Day?

DOGE Day is a time to show off Dogecoin’s unique spirit. The community embraces its goofy nature and often shares jokes and memes on this day. It’s also the same day as a holiday celebrating marijuana, which adds to the fun.

Possible Impact of Bitcoin Halving

However, the crypto community’s attention may be divided because the Bitcoin Halving event could happen around the same time. This event could overshadow DOGE Day, but it could also be a good thing if Bitcoin pumps up altcoins like Dogecoin.

Dogecoin Futures Launch

April is a big month for Dogecoin. Coinbase is launching Dogecoin futures for institutional clients on April 29th. This could increase interest in DOGE and bring more money into its ecosystem.

Positive Sentiment

Traders are betting on Dogecoin’s future. Open interest in DOGE futures has surged, and its funding rate has been positive since October 2023. This shows that the community is bullish on the meme coin.

Current Price

At the time of writing, DOGE is trading at around $0.20, down slightly in the last 24 hours.