Doge Army Guns For Meme Coin To Hit 69 Cents On Tuesday In Honor of 4/20 'Doge Day'

Dogecoin (DOGE) fans on social media are gunning for the theme-centric cryptocurrency to hit 69 cents on Tuesday, April 20, which some are declaring to be the "Doge Day."

What Happened: The Shiba Inu-themed cryptocurrency, often a subject of tweets by Tesla Inc TSLA CEO Elon Musk, is experiencing a social media push.

A post on the Reddit forum r/Dogecoin also asked as “many people as possible in designing memes and graphics to rebrand 420 as doge day.”

See also: How to Buy Dogecoin (DOGE)

“$1 is inevitable, and we can take a pit stop at the moon, sure, but our lord and savior doge ought not be limited by such small goals,” wrote u/oracleofdoge.

DOGE has risen 6,932.93% so far this year beating the year-to-date returns of Bitcoin (BTC), which gained 95.41%.

DOGE traded 22.14% higher at $0.35 at press time. BTC traded 0.26% higher at $57,251.37.

Why It Matters: The reference to 4/20 is significant as Musk often mentions the number and is more prominently associated with Cannabis. Recently, Musk demanded 420 million DOGE from the artist Beeple for an NFT song on non-fungible tokens but later changed his mind.

See Also: Why Is Dogecoin Skyrocketing But Bitcoin, Ethereum Are Tanking?

According to LunarCrush, which measures social listening for cryptocurrencies, Social Dominance for DOGE was at 31.23% on Sunday and has eclipsed BTC’s 30.4% number.

Musk has not recently made any reference to either DOGE or 4/20, but one of his recent tweets broached the subject of sending “Everything to the moon!”

Read Next: Dogecoin Creator Defends Meme Crypto's Supply: Doesn't 'Matter For Price'

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyMarkets420BitcoinDoge ArmydogecoinElon Musk
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!