Lackluster Buzz as Dogecoin’s Price Is 65% Lower Than Last Year – Altcoins Bitcoin News

While April 20 or 420 is synonymous with cannabis culture, the day is also considered “Doge Day,” by a great number of dogecoin supporters. The day prior on Twitter, the Doge network’s co-founder Billy Markus asked what people should expect on Doge Day and for dogecoin’s price action. Dogecoin traded hands 12 months ago for $0.44 per unit, and today it is 65.3% lower than that price.

Doge Day saw Dogecoin rise 18,299% last year, and see new price highs

The popularity of the meme-token DOGE (Dogecoin) experienced incredible gains last year. Statistic shows that DOGE rose 18,299% in value against the U.S. Dollar over 12 months. DOGE also reached $0.50 as Doge Day approached. DoGE’s year-to-date metrics indicate that DOGE has fallen 65.3%, despite having gained 19.2% in the past 30 days. DOGE also reached an all-time high last year at $0.731 per unit on May 08, 2021, just after last year’s Doge Day. DOGE’s value has fallen 80.7% against the U.S. Dollar since that date.

Doge Day 2021 was quite different as the meme token dogecoin received a lot of attention. Ellen Degeneres, a popular talk host, spoke about dogecoin in April with Mark Cuban, a billionaire investor and Shark Tank star. In just two months, one investor in dogecoin told the media that he had become a millionaire from his investments. After DOGE hit new highs in April, another dogecoin investor gave her profits to an animal shelter in Florida.

While 2022’s Doge Day May Be Lackluster, Dogecoin Is Still a Top 20 Crypto Asset and the Largest Meme-Based Digital Currency Today

The hype around the meme-based cryptocurrency dogecoin has been much less than last year’s. Billy Markus was the co-founder and CEO of DOGE on April 19. asked on Twitter: “[Question:]What can we expect? [Doge Day]Do you want to see the price of dogecoin tomorrow? [Answer]: nothing.” Later in the day, Markus tweeted: “Happy Doge Day,” with a dog GIF animation. Many dogecoin enthusiasts tweeted celebratory statements about Doge Day, but the day’s buildup was nothing like it was in 2021.

Dogecoin, which is a meme-based cryptocurrency asset with $18.8 million in market capitalization, remains the biggest. DOGE has the 12th highest market capitalization of all the 13671 cryptocurrency currently available. A multitude of meme-based cryptocurrency assets have been created from DOGE, which is currently valued at $34.4 billion. This included the top meme cryptos below dogecoin’s market cap such as shiba inu (SHIB), dogelon mars (ELON), baby doge coin (BABYDOGE), and floki inu (FLOKI).

What do you think about dogecoin lately and the difference between last year’s and this year’s Doge Day? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for Bitcoin.com News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Since 2011, Redman has been an active member of the cryptocurrency community. Redman has contributed more than 5,000 articles to Bitcoin.com News since September 2015. These articles are about disruptive protocols that are emerging.