DOGE fans are celebrating Dogecoin Day 4/20, here’s what has happened to the coin in terms of price action and adoption since April 20 last year
Dogecoin Day was proposed by DOGE fans on crypto Twitter last year right after the original meme coin soared to $0.4. The date, April 20, may have been inspired by one of Elon Musk’s earlier tweets, where he mentioned “4/20”.
This number is associated with weed smoking, but it was also used by the Tesla chief in a tweet when he stated he would take Tesla private in 2018. Since then, this figure has sort of become part of Tesla mythology.
Since April 20 of last year, a lot of things about Dogecoin adoption have happened and even Tesla has started accepting it.
DOGE’s achievements over the year
The biggest price action of the most popular meme cryptocurrency was the all-time high when it reached $0.7376 on May 8. At the moment, it is 80.28% below that mark.
In July, Elon Musk publicly confirmed that he owned Dogecoin (although he didn’t name a specific amount), as well as Bitcoin and Ethereum. In 2022, he said he would not sell his crypto.
In January, Musk announced that DOGE would be accepted by Tesla for some merchandise, and later on, Dogecoin was spotted in the source code of the SpaceX website.
Doge narrowly missed adoption with Twitter
Now, Dogecoin is accepted by US movie chain AMC through its mobile app, Dogecoin developers have released their first historical project roadmap, and Elon Musk tried to get DOGE accepted for the Twitter Blue subscription service in as payment.
It happened when the centibillionaire announced his 9.2 stake at Twitter and was invited to join the board before he offered to buy 100% of his Twitter shares for $41 billion in cash in order to make the company private.
Among the most recent cases of adoption is the acceptance of DOGE by Porsche Towson, an exclusive Porsche dealership in Baltimore.
As for the coin’s price, after it plunged below $0.3 on June 16, the meme coin has only been able to recover that level briefly a few times—in August and September last year.
Dogecoin has demonstrated an increase of more than 4% in the last 24 hours. At press time, it is changing hands at $0.1458.
