DogecoinDogecoin is a critical moment around the world, marking years of loyalty to famous meme coins.

This year's celebration feels very special and hopes for the upcoming Dogecoin ETF approval.

Loyalty to famous meme coins over the years in celebration of DogecoinDogecoin around the world.

Loyalty to famous meme coins over the years in celebration of DogecoinDogecoin around the world.

This year's celebration feels very special and hopes for the upcoming Dogecoin ETF approval.

This year's celebration feels very special and hopes for the upcoming Dogecoin ETF approval.

The phrase Dogeday, which first began circulating in 2021, is associated with International Weed Day on April 20, a date that is long-term related to pleasure and counterculture.

The phrase Dogeday, which first began circulating in 2021, is associated with International Weed Day on April 20, a date that is long-term related to pleasure and counterculture.

Since then, Dogecoin fans have created a tradition that can use the day to express support for coins, share memes, and highlight key milestones on Dogecoin’s ongoing journey.

Since then, Dogecoin fans have created a tradition that can use the day to express support for coins, share memes, and highlight key milestones on Dogecoin's ongoing journey.

Originally started as a surf in 2013, Dogecoin has grown into one of the largest cryptocurrencies. It is now the eighth largest cryptocurrency by market capitalization, worth about $23.3 billion, according to CoinMarketCap.

Originally started as a surf in 2013, Dogecoin has grown into one of the largest cryptocurrencies. It is now the eight largest cryptocurrency by market capitalization, worth about $23.3 billion, according to CoinMarketCap.

Experts say Dogecoin's success depends largely on its community significance. Its model adds about 5 billion new coins each year, making it cheap for ordinary new investors.

Experts say Dogecoin's success depends largely on its community significance. Its model adds about 5 billion new coins each year, making it cheap for ordinary new investors.

"Bitcoin or Ethereum has a fixed supply, and Dogecoin's inflation allows small investors to hold a lot of money," Anndy Lian said.

"Bitcoin or Ethereum has a fixed supply, and Dogecoin's inflation allows small investors to hold a lot of money," Anndy Lian said.

On Dogeday this year, hashtags like #dogeday2025 and #dogecoin tothemoon air on coins.

On Dogeday this year, hashtags like #dogeday2025 and #dogecoin tothemoon air on coins.

Investor PIN hopes Dogecoin ETF can be approved quickly

Investor PIN hopes Dogecoin ETF can be approved quickly

The Dogecoin community remains optimistic as the Securities and Exchange Commission (SEC) analyzes several exchange-traded funds (ETF) applications related to meme coins. Key players including 21shares and Osprey Funds

The Dogecoin community remains optimistic as the Securities and Exchange Commission (SEC) analyzes several exchange-traded funds (ETF) applications related to meme coins. Key players including 21shares and Osprey Funds

The decision on its Dogecoin ETF will be filed soon on May 18. Grayscale's application will be decided within the May 21 deadline, although the SEC can still postpone the final decision until October. 21shares and Osprey Fund's documents are still seeking a response date.

The decision on its Dogecoin ETF will be filed soon on May 18. Grayscale's application will be decided within the May 21 deadline, although the SEC can still postpone the final decision until October. 21shares and Osprey Fund's documents are still seeking a response date.

That's why the Dogecoin ETF's endorsement will be huge. Essentially, this will allow more traditional investors to enter Meme Crypto.

That's why the Dogecoin ETF's endorsement will be huge. Essentially, this will allow more traditional investors to enter Meme Crypto.

The SEC recently delayed its decision to propose several cryptocurrency ETFs. However, since the approval of the first location Bitcoin ETF in January 2024, there has been a cautious approach to meme coins such as Dogecoin.

The SEC recently delayed its decision to propose several cryptocurrency ETFs. However, since the approval of the first location Bitcoin ETF in January 2024, there has been a cautious approach to meme coins such as Dogecoin.

If approved, the Dogecoin ETF will enable regular investors (such as pension funds and banks) to invest in Dogecoin through conventional stock exchanges. This will open up a large number of new funds to the Dogecoin market and may be enough to drive prices up.

If approved, the Dogecoin ETF will enable regular investors (such as pension funds and banks) to invest in Dogecoin through conventional stock exchanges. This will open up a large number of new funds to the Dogecoin market and may be enough to drive prices up.

Elon Musk's influence continues to drive Dogecoin's hype

Elon Musk's influence continues to drive Dogecoin's hyperpe

Billionaire Elon Musk, who founded automaker Tesla and aerospace company SpaceX, is well known for his interest in coins.

Billionaire Elon Musk, who founded automaker Tesla and aerospace company SpaceX, is well known for his interest in coins.

Usually, when Musk tweets or mentions coins, the price of coins soars. Last year, when he temporarily converted Twitter's logo to Doge images, Dogecoin soared 20% in a few hours. In November 2024, after Musk re-approved Dogecoin, the world's seventh most valuable cryptocurrency surpassed the overall market value of luxury car maker Porsche.

Usually, when Musk tweets or mentions coins, the price of coins soars. Last year, when he temporarily converted Twitter's logo to Doge images, Dogecoin soared 20% in a few hours. In November 2024, after Musk re-approved Dogecoin, the world's seventh most valuable cryptocurrency surpassed the overall market value of luxury car maker Porsche.

But, critics say Dogecoin’s reliance on social media is a risky claim. Unlike Bitcoin or Ethereum, Dogecoin does not have smart trac, staking, and other technical features. Of course, it's all cultural, memes and community passion.

But, critics say Dogecoin's reliance on social media is a risky claim. Unlike Bitcoin or Ethereum, Dogecoin does not have smart trac, staking, and other technical features. Of course, it's all cultural, memes and community password.

As the 2025 perspectives get closer and the ETF decision seems to be earlier than we think, hope is set in the $DOGE community.

As the 2025 perspectives get closer and the ETF decision seems to be earlier than we think, hope is set in the $DOGE community.

News data source: kdj.com

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