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HomeWorldCrypto Investors Braced For New Highs On Newly Hyped “Dogeday 4/20”

Crypto Investors Braced For New Highs On Newly Hyped “Dogeday 4/20”


According to data presented by TradingPlatforms.com,
amateur investors are aiming to push Dogecoin’s price to
$0.69 on April 20th, a day marked Doge Day
4/20.

Strong Online Community Fuels Dogecoins’s
Meteoric Rise

In early January 2021, a Reddit group
known as SatoshiStreetBets sought to actively pump up
Dogecoin’s value by encouraging other group members to buy
in an effort to propel the coin’s value “to the
moon.”

The move was seen by many as inspired or at
the very least similar in nature to the GameStop
short-squeeze initiated by Reddit group WallStreetsBets in
early 2021.

4/20 Declared As DogeDay by Dogecoin
Supporters

Investors and supporters of the coin are
now attempting to turn April 20, popularly known as 4/20,
into an international day of celebration for Dogecoins,
making #Dogeday420 viral on Twitter and Reddit.

As of
April 2021, SatoshiStreetBets
had 400K members while the Dogecoin
subreddit boasted over 1.4M members.

The same
investors declared that their target value to reach on 4/20
is 69 cents per Dogecoin. A telegram group titled
“WallStreetBets Pump #Doge” is also circulating calls to
action to pump Dogecoin for 4/20, and has grown to nearly
400K subscribers. Dogecoin investors plan to continue the
pump past 4/20 hoping to reach the value of $4.20 by
June.

Rex Pascual, editor at TradingPlatforms
added;

“Considering the recent gains and interest of
Dogecoin, combined with the size of the Reddit and Telegram
groups aiming to pump this, the target value of 69 cents is
well within reach. We saw what happened to GameStock when
these digital communities coordinated investment pumping
campaigns and succeeded in taking the stock to record
levels”.

You can read more about the story
with more statistics and information at:
https://tradingplatforms.com/blog/2021/04/19/crypto-investors-braced-for-new-highs-on-newly-hyped-dogeday-4-20/

© Scoop Media

 



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