Yigit Taha OZTURK 
Dogecoin investors celebrate Dogeday on April 20, while awaiting SEC rulings on four pending Dogecoin ETF applications.
From Meme to Market Force
Launched as a joke, Dogecoin now ranks as the eighth-largest cryptocurrency, with a market cap of $23.3 billion. Since 2021, the DOGE community has celebrated April 20 as “Dogeday,” aligning with International Weed Day and the coin’s meme-driven roots.
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Despite criticism over its $2.16 million in daily inflation, Dogecoin’s affordability, branding, and retail popularity continue to sustain its relevance.
Blockchain expert Anndy Lian told Cointelegraph:
“Dogecoin’s inflationary model keeps prices low, making it attractive for retail traders psychologically.”
Social Buzz Still Powers DOGE
In late 2024, DOGE surpassed Porsche’s market cap, largely due to Elon Musk’s endorsements and social media momentum — despite its lack of technical blockchain utility.
SEC ETF Decisions on the Horizon
The Dogecoin community is watching four DOGE-related ETF filings:
- Bitwise Dogecoin ETF – potential decision: May 18 (or delay until October)
- Grayscale Dogecoin ETF – next deadline: May 21
- 21Shares Dogecoin ETF – still in early review phase
- Osprey Fund Dogecoin ETF – awaiting initial SEC review
The SEC’s pattern of delaying crypto ETF decisions adds uncertainty, but Dogecoin fans remain hopeful.
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