Thanks to Elon Musk and his immeasurable influence, Dogecoin community now refer to April 20th as “Dogeday.” Although no official announcement regarding such is made, several posts on Twitter are now actively promoting the meme-based crypto’s unofficial event. This interest in Dogecoin (DOGE) is further pushed by Musk, who just last week posted an image with a simple caption: “Doge Barking at the Moon.”
Doge Barking at the Moon pic.twitter.com/QFB81D7zOL— Elon Musk (@elonmusk) April 15, 2021
All this attention on DOGE notably propelled the meme crypto ahead of XRP as the 4th largest existing crypto via market capitalization – albeit just briefly. On top of recording new all-time highs almost every day, reaching as high as $0.43 per coin with a weekly surge of over 400%, DOGE also tallied a market cap reaching well over $54 billion. Indeed, highly impressive for a crypto that was initially just meant to be a meme.
There is no denying that DOGE is on the run of its life currently. That said, many believe that the odds of it going up even higher is more than likely. As per the betting platform us-bookies.com, oddsmakers believe that DOGE has a 17% chance to surge as high up as $1 per coin by the end of the year. With the way it swells recently, maybe a $1 DOGE is just indeed within the horizon.
Is Musk going to take DOGE on the literal moon?
DOGE’s so-called “technoking,” Elon Musk, and his SpaceX program hinted at the possibility of taking the meme crypto on the moon recently. Not metaphorically, but literally. While many believe that Musk is simply trolling the internet once again, such speculation once again proved good news for the already-massively surging crypto. On top of the hashtag ‘DogeDay’ trending atop the Twitter charts in the United States, the term ‘Doge’ has also seen its highest search rate – again, all thanks to Elon Musk.
Whether Musk proves true to this trending absurd possibility or not remains to be seen as SpaceX’s next flight is scheduled for April 22nd. Nonetheless, all these eyes he has attracted once again towards DOGE further cemented his insane levels of influence while also hinting at an even brighter future for the meme crypto.