Connect with us

Hi, what are you looking for?

buzznificentbuzznificent

LOL

Dogecoin Fans Name April 20th ‘DogeDay’

Credit: Unsplash

Good heavens, has it been nearly ten years since doge memes first became a thing? I swear, when you spend enough time on the internet, the passage of time starts getting really murky. At first, it was just silly pictures of shiba inus with cutely broken English captions, and now that same confused dog face is the face of one of the most prominent cryptocurrencies. It’s stuff like this, as well as the newly minted “DogeDay” that lend credence to my theory that we’re all living in a cartoon.

This morning, the value of Dogecoin hit an all-time high, reaching a market capitalization over $50 billion. It’s difficult to nail down precisely what has caused this incredible surge, but it’s a safe bet that the community that has sprung up around the coin has had something to do with it. A combination of memes, egging on, and celebrity endorsements (lookin’ at you, Elon Musk) has driven the value of this mysterious crypto ever upward. In honor of its incredible increases in valuation, Dogecoin fans and investors have decided to name today, April 20, “DogeDay.” Well, it ain’t any crazier than the other thing April 20 is usually associated with.

“The Doge rally represents an interesting convergence,” said Diana Biggs, CEO of crypto start-up Valour.

“A meme coin created as a joke for early crypto adopters whose community found that kind of thing to be fun, with now a new generation of retail investors for whom memes are a native language,” Biggs added.

“It’s an extension of the same phenomenon that has led Tesla stock to be valued well beyond fundamentals and more recently to the GME (GameStop) short squeeze,” said Ajit Tripathi, head of institutional business at decentralised finance startup Aave.

It isn’t known how long Dogecoin’s surge will last or how high it’ll go, but really, the fact that it even got this far is pretty monumental in itself. I’d try to phrase that in the form of a typical doge caption, but I don’t think anyone wants to endure that.


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Entertainment

Way back in 2009, acclaimed filmed director James Cameron released Avatar, a CGI science-fiction epic that took the world by storm and became one...

Entertainment

While veteran actor Adam Sandler is best known for his comedic work, in recent years, he’s shown that he has surprising range when it...

Entertainment

Last month, production ground to a halt on the film Being Mortal, directed by Aziz Ansari and starring Bill Murray and Seth Rogan. The...

Entertainment

Over the weekend, veteran television personality Jon Stewart was awarded the Mark Twain Prize for his illustrious career in TV and stand-up comedy. Many...