On April 20, Dogecoin holders worldwide are celebrating 'Dogeday,' coinciding with anticipation around upcoming deadlines for various Dogecoin-related exchange-traded fund (ETF) applications to the US Securities and Exchange Commission (SEC). This unofficial holiday, which gained traction in the memecoin community in 2021, commemorates the memecoin's continued presence in the cryptocurrency landscape despite being regarded as a joke token. With a market cap of approximately $23.3 billion and an ongoing inflation rate that introduces 14.4 million new DOGE daily, Dogecoin remains the eighth-largest cryptocurrency. Key figures expect the SEC to respond to several pending ETF applications soon; major applications include those from Bitwise and Grayscale, with responses expected by mid-May 2025. Dogecoin's inflationary nature and meme-driven branding boost its retail appeal, especially among younger investors. As the community watches for ETF approvals, Dogecoin's future could hinge on regulatory decisions, impacting its market presence significantly.

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