Dogecoin holders marked on April 20 as “Dogeday”, a celebration focused on the community that started in 2021 and coincides with International Weed Day.
Dogecoin holders marked on April 20 as “Dogeday”, a celebration focused on the community that started in 2021 and coincides with International Weed Day. The date has become an annual event for the Dogecoin community, which maintained its presence on the cryptocurrency market despite criticism of its lack of utility and inflationary structure.
The attraction of the medal remains mainly rooted in online culture, with little underlying utility of the blockchain. Dogecoin coins generally increases in popularity due to the commitment of social media and overhaul. In November 2024, Dogecoin briefly exceeded Porsche in the market capitalization, following a series of public mentions by Elon Musk, further supplying the interest of retail.
As the celebrations of donations took place, the attention within the Dogecoin community has also turned to the status of four requests for stock market funds (ETF) pending linked to DOGE. These include Bitwise, Grayscale, 21Shares and The Osprey Fund proposals.
Bitwise and Grayscale ETF applications of Graycale are under examination of the dry, with final decisions due by October 2025
The applications of 21Shares and Osprey are still at the start of the stadiums, awaiting the movement on their 19B-4 initial deposits. No specific decision date has been announced for one or the other of these proposals.
Although the future of FNB DOGE remains uncertain, the presence of the Dogecoin market continues to be shaped by its online community, its speculative attraction and its visibility in wider conversations on cryptographic investment products. As the DEC deadlines approach, the result of these ETF applications is closely monitored by investors and industry observers.
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