Dogecoin community is preparing for the annual “Doge Day” celebration on April 20th, aiming to boost the coin’s priceDOGE is outperforming other top meme coins this week, with the cryptocurrency up 11% while WIF is down 3% and SHIB is up 4%. All other top meme coins are “in the red” too.
Doge Day is also seen as an opportunity for the Dogecoin community to boost the cryptocurrency’s status and use. By purchasing and holding Dogecoin on this day, supporters aim to create a concerted effort to drive up the coin’s value. This collective action by the Dogecoin community has become an annual tradition, with the goal of increasing the coin’s visibility and potentially pushing its price higher.
As Bitcoin’s halving event, another important date in April, approaches, DOGE’s performance could receive an additional boost, as the event is often associated with increased crypto market activity. The combination of the Doge Day celebration and the positive technical signals suggests that DOGE may continue to outperform other meme coins in the near term.is in the final stage of its presale, having raised $3.6 million so far.
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