Dogecoin Holders Mark 4/20 ‘Dogeday’ as SEC Reviews ETF Applications

Dogecoin Holders Mark 4/20 ‘Dogeday’ as SEC Reviews ETF Applications

Dogecoin holders marked April 20 as “Dogeday,” a community-driven celebration that started in 2021 and coincides with International Weed Day. The date has become an annual event for the Dogecoin community, which has maintained its presence in the cryptocurrency market despite criticism over its lack of utility and inflationary structure.

Currently valued at $23.3 billion, Dogecoin ranks as the eighth-largest cryptocurrency by market capitalization. It adds roughly 14.4 million new coins into circulation each day, resulting in a daily inflation of over $2.16 million. That amounts to an annual addition of around 5 billion coins. These tokenomics have drawn criticism but also appear to contribute to the coin’s retail appeal by keeping prices relatively low, often under $1.

Anndy Lian, a blockchain expert, says Dogecoin’s popularity is supported by community enthusiasm, low entry barriers, and speculative interest. He explained that the coin’s inflationary supply keeps it accessible for everyday investors and that its meme-driven identity resonates with a younger, internet-focused demographic.

The coin’s appeal remains mostly rooted in online culture, with little underlying blockchain utility. Meme coins like Dogecoin typically rise in popularity due to social media engagement and hype. In November 2024, Dogecoin briefly surpassed Porsche in market capitalization, following a series of public endorsements from Elon Musk, further fueling retail interest.

As Dogeday celebrations took place, attention within the Dogecoin community also turned to the status of four pending exchange-traded fund (ETF) applications related to DOGE. These include proposals from Bitwise, Grayscale, 21Shares, and the Osprey Fund.

Both Bitwise and Grayscale’s Dogecoin ETF applications are under SEC review, with final decisions due by October 2025

Applications from 21Shares and Osprey are still in early stages, awaiting movement on their initial 19b-4 filings. No specific decision dates have been announced for either of those proposals.

While the future of DOGE ETFs remains uncertain, Dogecoin’s market presence continues to be shaped by its online community, speculative appeal, and visibility in broader conversations about crypto investment products. As the SEC’s deadlines approach, the outcome of these ETF applications is being closely watched by both investors and industry observers.

 

 

Source: https://finance.yahoo.com/news/dogecoin-holders-mark-4-20-011215159.html?guccounter=1

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j

Dogecoin Breaks Out—Can ETF Hype Send It to $0.1755?

Dogecoin Breaks Out—Can ETF Hype Send It to $0.1755?

Dogecoin (DOGE) is up 4.8% in the last 24 hours to $0.1617 on April 21, 2025 as it breaks out of a horizontal consolidation. Technicals are looking good.

MACD just crossed over and RSI is out of oversold. If the breakout holds DOGE could test $0.1696 and $0.1755.

But there’s a floor to watch: if DOGE goes below $0.1575 or $0.1550 that could mean the rally is fading and sentiment goes back to neutral.

ETF Momentum Adds Fuel to the Fire

Beyond the charts the Dogecoin community is getting a boost from regulatory news. The SEC is reviewing ETF applications for DOGE with filings from Bitwise and Grayscale in the spotlight. A decision is expected by May 21 and approval could be a game changer – bringing institutional money and legitimacy to a token that’s long thrived on retail hype.

Anndy Lian, a well known blockchain advisor said: “Dogecoin’s inflationary model keeps it accessible. That’s a strength when paired with serious infrastructure like an ETF. It opens the door to broader participation.”

In short DOGE is riding a wave of optimism – part technical, part narrative driven.

Beginner Trade Setup: Keep It Simple

  • Buy Entry: Above $0.163 on confirmed volume backed breakout

  • Target 1: $0.1696

  • Target 2: $0.1755

  • Stop Loss: Below $0.1575

If you’re new to trading patience is key. Let the breakout prove itself with a strong close and good volume. Chasing early can lead to whipsaws – waiting for confirmation gives you better odds of riding the trend.

Bottom Line

With ETF speculation, rising momentum and technical breakout Dogecoin is one of the more interesting altcoins to watch this week. Whether it can get to $0.1755 depends on regulatory clarity and sustained buying. For now DOGE has the wind at its back.

 

Source: https://www.fxleaders.com/news/2025/04/21/dogecoin-breaks-out-can-etf-hype-send-it-to-0-1755/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j

Dogecoin holders celebrate ‘Dogeday’ 4/20 as ETF decision draws near

Dogecoin holders celebrate ‘Dogeday’ 4/20 as ETF decision draws near

Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the memecoin’s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications.

Dogeday marks the unofficial holiday of the Dogecoin community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.

Despite its reputation as a joke token, Dogecoin remains the eighth-largest cryptocurrency by market capitalization, currently valued at $23.3 billion, according to CoinMarketCap.

Dogecoin’s tokenomics have often been criticized for issuing 14.4 million worth of new DOGE into circulation per day, giving it a daily inflation rate of over $2.16 million.

Dogecoin’s staying power “stems from a blend of community-driven enthusiasm, low entry barriers, and speculative appeal,” according to Anndy Lian, author and intergovernmental blockchain expert.

Dogecoin’s inflationary tokenomics may also contribute to its retail appeal, Lian told Cointelegraph, adding:

“Unlike Bitcoin or Ethereum, Dogecoin’s inflationary supply — adding roughly 5 billion coins annually — keeps prices accessible, typically under $1, making it psychologically appealing for retail investors.”

“The retail appeal is amplified by Dogecoin’s meme-driven branding, which resonates with younger, internet-savvy investors,” explained Lian.

Memecoins like Dogecoin lack underlying blockchain use cases and typically rally based on social media traction and retail hype alone.

In November 2024, Dogecoin surpassed Porsche’s market capitalization, driven by continued social media endorsements by billionaire Elon Musk.

Dogecoin community awaits DOGE ETFs deadline in May

The Dogecoin community is closely watching the US Securities and Exchange Commission as it weighs several DOGE-related ETF applications.

There are four Dogecoin ETF filings awaiting approval: the Bitwise Dogecoin ETF, the Grayscale Dogecoin ETF, the 21Shares Dogecoin ETF and the Osprey Fund Dogecoin ETF.

Grayscale’s ETF application is due for a response on May 21 after the SEC delayed its decision on multiple crypto ETF filings.

Bitwise’s filing could receive a response on May 18, which marks the end of the SEC’s 75-day initial review period after the 19b-4 filing. However, the 240-day review period could enable the regulator to delay the decision until October 2024 for both filings.

The ETF applications from 21Shares and Osprey are still pending review for their initial 19b-4 filings, with no set deadline from the securities regulator.

 

Source: https://cointelegraph.com/news/dogecoin-celebrate-4-20-dogeday-doge-etf-deadline-may

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j