{"id":127561,"date":"2025-04-20T10:23:31","date_gmt":"2025-04-20T10:23:31","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127561"},"modified":"2025-04-20T10:23:31","modified_gmt":"2025-04-20T10:23:31","slug":"dogecoin-holders-celebrate-dogeday-4-20-as-etf-decision-draws-near","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127561","title":{"rendered":"Dogecoin holders celebrate \u2018Dogeday\u2019 4\/20 as ETF decision draws near"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsDogecoin holders worldwide celebrate \u201cDogeday\u201d on April 20, as the memecoin\u2019s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications.<br \/>\nDogeday marks the unofficial holiday of the Dogecoin (DOGE) community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.<br \/>\nSource: BitgetDespite its reputation as a joke token, Dogecoin remains the eighth-largest cryptocurrency by market capitalization, currently valued at $23.3 billion, according to CoinMarketCap.<br \/>\nDogecoin\u2019s 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.<br \/>\nRelated: Altseason 2025: \u2018Most altcoins won\u2019t make it,\u2019 CryptoQuant CEO says<br \/>\nTop 10 cryptocurrencies by market capitalization. Source: CoinMarketCapDogecoin\u2019s staying power \u201cstems from a blend of community-driven enthusiasm, low entry barriers, and speculative appeal,\u201d according to Anndy Lian, author and intergovernmental blockchain expert.<br \/>\nDogecoin\u2019s inflationary tokenomics may also contribute to its retail appeal, Lian told Cointelegraph, adding:<br \/>\n\u201cUnlike Bitcoin or Ethereum, Dogecoin\u2019s inflationary supply \u2014 adding roughly 5 billion coins annually \u2014 keeps prices accessible, typically under $1, making it psychologically appealing for retail investors.\u201d<br \/>\n\u201cThe retail appeal is amplified by Dogecoin\u2019s meme-driven branding, which resonates with younger, internet-savvy investors,\u201d explained Lian.<br \/>\nRelated: Solana, XRP ETFs may attract billions in new investment \u2014 JPMorgan<br \/>\nMemecoins like Dogecoin lack underlying blockchain use cases and typically rally based on social media traction and retail hype alone.<br \/>\nIn November 2024, Dogecoin surpassed Porsche\u2019s market capitalization, driven by continued social media endorsements by billionaire Elon Musk.<br \/>\nDogecoin community awaits DOGE ETFs deadline in May<br \/>\nThe Dogecoin community is closely watching the US Securities and Exchange Commission as it weighs several DOGE-related ETF applications.<br \/>\nThere 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.<br \/>\nGrayscale\u2019s ETF application is due for a response on May 21 after the SEC delayed its decision on multiple crypto ETF filings.<br \/>\nThe SEC has delayed deciding to approve several altcoin ETFs. Source:\u00a0SECBitwise\u2019s filing could receive a response on May 18, which marks the end of the SEC\u2019s 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.<br \/>\nThe ETF applications from 21Shares and Osprey are still pending review for their initial 19b-4 filings, with no set deadline from the securities regulator.<br \/>\nMagazine: Crypto \u2018more taboo than OnlyFans,\u2019 says Violetta Zironi, who sold song for 1 BTC<a href=\"https:\/\/cointelegraph.com\/news\/dogecoin-celebrate-4-20-dogeday-doge-etf-deadline-may?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsDogecoin holders worldwide celebrate \u201cDogeday\u201d on April 20, as the memecoin\u2019s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications. Dogeday marks the unofficial holiday of the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127561"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127561"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127561\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127561"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}