DOGE Fans Rally on Dogeday With ETF in Sight

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Despite over $2 million in daily inflation, Dogecoin remains the dominant memecoin as ETF decisions from the SEC approach.

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

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.


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