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. 12 months ago dogecoin was swapping hands for $0.44 per unit on Doge Day and today the meme-based crypto asset is down 65.3% from that value.
Last Year During Doge Day, Dogecoin Was up 18,299% and Saw Fresh New Price Highs
Last year, the popular meme-token dogecoin (DOGE) saw phenomenal gains. Statistics show on April 16, 2021, DOGE was up 18,299% against the U.S. dollar in 12 months and as April 20th, otherwise known as Doge Day approached, DOGE was awfully close to $0.50 per unit. Year-to-date, metrics show DOGE is currently down 65.3% despite gaining 19.2% over the last 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. Since that day, DOGE has shed 80.7% in value against the U.S. dollar.
Doge Day in 2021 was a whole lot different for the meme token as dogecoin got a great deal of attention. For instance, that month in April, the popular talk show host Ellen Degeneres talked about dogecoin with the Shark Tank co-star and billionaire investor Mark Cuban. One dogecoin investor told the press that month he became a millionaire in as little as two months. Another dogecoin investor donated her gains to a dog shelter in Florida after DOGE reached new price highs in April.
