On Twitter the day before, Billy Markus, co-founder of Doge Network, asked what people should expect for Doge Day as well as dogecoin price action. Dogecoin traded hands for $0.44 per unit 12 months ago on Doge Day, and today the meme-based cryptocurrency asset is down 65.3%.
Doge Day was last year and Dogecoin saw a price increase of 18,299%.
The popular meme-token DOGE saw incredible gains last year. Statistic shows that DOGE rose 18,299% in 12 months against the U.S. Dollar. DOGE was very close to $0.50 as April 20th, also known as Doge Day. DOGE's year-to-date metrics show that it is down 65.3%, despite having gained 19.2% in the past 30 days. DOGE also hit an all-time high of $0.731 per unit last May, 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 show host, spoke about dogecoin that April with Mark Cuban, a billionaire investor and Shark Tank star. One dogecoin investor said that he became a millionaire in just two months. After DOGE hit new highs in April, another dogecoin investor gave her gains away to a Florida dog shelter.
Although 2022's Doge Day may be lackingluster, Dogecoin is still a top 20 crypto asset and the largest meme-based digital currency today
The hype around the meme-based crypto and dogecoin markets this year has been very lackluster in comparison to last year. Co-founder of DOGE, Billy Markus asked via Twitter: "Question:] What should we expect tomorrow for dogecoin price actions?" [Answer] "Nothing." Later that day, Markus tweeted: Happy Doge Day! Although there were many dogecoin enthusiasts who tweeted celebratory remarks about Doge Day (which was a lot), the day's buildup was not as intense as it was in 2021.
Dogecoin, which is a meme-based cryptocurrency asset with $18.8 million in market capitalization, remains the largest. DOGE is also the 12th most valuable cryptocurrency by market capitalization among the 13,671 currently in existence. A multitude of meme-based crypto assets have been created, with a current value of $34.4 billion. These included the top meme cryptos, including dogelon mars and shiba (SHIB), floki inu ("FLOKI"), and baby doge coin (“BABYDOGE”).