Als die giddy peak, however, DOGE fell nearly 32 percent in early trade on Wednesday, 21 April, to a low of $0.285.
Yesterday, Doges, of course, hit $0.418 for the first time as fans pumped the meme sweet token in the middle of a flourish of hysteria.
Since that time, at $0.329 at the time of writing, the token has recovered slightly to trade. Following the 250 percent hype-fuel pump in the past week, the big dump had been inevitable.
According to Coingecko, DOGE holds currently sixth in the $43 billion market cap charts.
More Meme Power
The ‘DOGE Day’ was designated as April 20, following the start of DOGE campaigns on Twitter and Reddit by community members, as reported by CryptoPotato. The trend extended beyond crypto-cercle and Snickers and Milky Way even joined the crazy manufacturing brands.
In the past year there has also been no lack of Elon Musk’s surreptitious remarks which have added to the momentum and speculators.
This is so large that CNBC reports from the mainstream media, that “this year’s worldwide victory was the joke coin.”
According to CNBC crypto bull and Mike Novogratz, Galaxy Digital CEO, Dogecoin is talking about a lot of GME’s move. The GameStop inventory was pumped off the charts in late January as the buying frog mounted Reddit group Wallstreetbets.
“About meme coins and meme ideas, there is insane excitement among very young investors. It’s shocking for me that $GME is still worth it.”
The aim of the DOGE pumping was to achieve it at a dollar, but $0.58 went down.
Crypto trader KALEO had predicted that the DOGE mass pump and dump would take advantage of the Hype and FOMO.
According to Coingecko, DOGE holds currently sixth in the $43 billion market cap charts. This puts the token created as a joke above the solid blockchain Cardano and Polkadot networks in the real world.
Crypto influencer ‘Ivy’ in a tweet on the now infamous day summed up some of the recent events:
“I only saw several tik toks post $100 DOGE — more than $12 TRILLION — over 12 times the current cap of $btc. Good lord, you 4/20” smoking guys