Cryptocurrency
DOGE Army Retreats, Tail Between Legs, as Dogeday Ends With 29% Drop
DOGE Army Retreats, Tail Between Legs, as Dogeday Ends With 29% Drop Reported by CoinDesk.com “The DOGE frenzy appears to have spread to decentralized finance, where several imitator tokens have chalked up staggering single-day gains. “Some fans of the joke cryptocurrency dogecoin had positioned Tuesday as a day to send its prices skyrocketing – to […]
“The DOGE frenzy appears to have spread to decentralized finance, where several imitator tokens have chalked up staggering single-day gains.
“Some fans of the joke cryptocurrency dogecoin had positioned Tuesday as a day to send its prices skyrocketing – to $1, or maybe just a meme-y 69 cents. On the meme-y date of April 20, or 4/20.
Prices for the eight-year-old cryptocurrency, ticker DOGE, had surged more than 60-fold this year to a market value of more than $40 billion. So it seemed like anything was possible. Social media posters dubbed it “dogeday.”
But as of midafternoon, the joke appeared to be on the dogecoin holders. As of press time, the token, symbolized by the Shiba Inu dog breed, was down 28% on the day, to the decidedly unremarkable price of 29 cents.”
Read the full article at CoinDesk.com