From the beginning of 2021 to now, Dogecoin went from an altcoin worth only $0.007 to hit a price of $0.41 today. Currently, Dogecoin is trending on social platforms and investor sentiment regarding the meme-based cryptocurrency is bullish. It seems that even the bear market cannot stop Dogecoin from aiming for the moon.
Despite the downturn suffered by the entire cryptocurrency market, Dogecoin has been strong and has not been dragged down by Bitcoin and other cryptocurrencies’ movements.
DOGE/USD has risen by more than 9000% so far this year, and the high yield has attracted the attention of many investors. The strong gains also made Dogecoin’s market value jump above well-known financial institutions such as ING, Barclays, and Credit Agricole.
At the same time, “Dogecoin Day” is known as April 20, a date that also represents a cannabis-themed holiday. Fans of the cryptocurrency Dogecoin are planning to push its price to new heights on Tuesday.
The ‘#DogeDay420’ advertising campaign caused a new hot wave on Twitter and Reddit, as cryptocurrency and Dogecoin fanatics wanted to increase the price of Dogecoin to a record-high of $0.69.
Data from Google Trends also shows that the search popularity of blue “Doge” in recent days has exceeded the popularity of Bitcoin.
Dogecoin (DOGE) Price Analysis
Source: DOGE/USDT 4-Hour via TradingView
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