Dogecoin’s rally has generated a frenzy amongst hodlers. They want to make April 20 the “Doge day.”
DOGE has soared to reach its all time high of $0.41 on April 19. The coin, which was created as a joke, has now gained 428.2% in 7 days.
The current state of the cryptocurrency markets has generated mixed feelings in different camps. Bitcoin and major altcoins plummeted over the weekend. Many felt it was long overdue as the markets had risen massively. In fact, the total cryptocurrency market caps momentarily crossed the $2 trillion mark. It experienced a sharp decline after the bloodbath. Bitcoin nose-dived and quickly settled around the $55k mark.
There has, however, been a celebration in the DOGE camp amidst the bloodbath. The meme-inspired coin has continued to exceed expectations, gaining 25% in the last 24-hours. On the 7-days chart, Dogecoin is up by over 400%. Its market cap is now north of $55 billion.
In the wake of the recent surge, DOGE aficionados have set aside April 20 to commemorate the coin. They call it “DOGE day.” Many hodlers have expressed enthusiasm for the coin, and celebrations have already begun on social media. The decision to choose tomorrow (4/20) is not a coincidence as the date is the informal ‘world marijuana day.’
Mark Cuban’s Mavericks will not sell DOGE
Inspired by the rally, Mark Cuban said that Mavericks would not sell Dogecoin gained from sales. Early this year, the Dallas-based NBA team started accepting dogecoin payments on its online store.
They have garnered over 121k doge since the announcement. Cuban is thrilled by the surge in sales and the Dogecoin price, and he’s in for a long ride.
Additionally, Tesla CEO, Elon Musk is one of the high-profile advocates of Doge. He has made several tweets that sent the coin’s price soaring. His most recent tweet sent the coin’s price to a new all-time high.