
Dogecoin price has gained 4.5% in the last 24 hours, as the arrival of ‘Doge Day’ has helped propel MIME token to $0.091902.
This rally saw a 1% drop in the same time frame as the cryptocurrency market, indicating that 4/20 and Doge Day had a real impact on traders, who may be expecting something from the developers of Dogecoin or Elon Musk. May or may not. Mark the occasion.
Whether they do or not, DOGE is also up 10% over the past week and 27% over the past 30 days, with the altcoin also posting 30% returns since the beginning of the year.
And with Dogecoin still holding out for the possibility that Twitter may eventually introduce DOGE payments, further rallies could follow for the meme token later in the year.
Dogecoin Price Prediction 4/20 Marked As “Doge Day” – Will Elon Announce Something Big?
Unlike other major cryptocurrencies, the indicators for DOGE are in a dominant position today, indicating that the altcoin has just started a breakout rally.

Most notable is its 30-day moving average (yellow), which just climbed above its 200-day (blue), usually a sign that upward buying momentum has reached a new low.
Similarly, DOGE’s Relative Strength Index (purple) has returned to growth, moving past 60 and on its way to 70 and higher, which means further price increases.
It is also worth noting that the coin’s chart has formed a pennant, a convergence between resistance (red) and support (green) levels that could resolve itself into a breakout.
And today could be a good day for such a breakout, considering that April 20th (4/20) is celebrated as Doge Day, during which Meme Token receives more publicity and attention.
On the other hand, Dogecoin Whale Alert tracked Some large DOGE transactions that show that meme tokens are being sent to exchanges, possibly with the aim of selling the coin at the peak of Doge Day excitement.
Thus, traders are looking to get in and out quickly today before the inevitable correction.
However, the medium and long term picture looks promising for Dogecoin, if only because of the ongoing support from Elon Musk.
Musk continued to reference and champion DOGE at nearly every available opportunity, last week on Twitter and the Tesla owner tweeted that he would pay one million DOGE to anyone who could provide proof that he or she His father owns an emerald mine.
This little stunt followed an even bigger gesture, in which Musk changed Twitter’s bird logo to an image of a Shiba Inu dog, causing a little DOGE flurry.
This sort of thing has been a topic this year, with Musk being spotted at the Super Bowl in February wearing a Dogecoin T-shirt, while a few days later, he tweeted a photo of his Shiba Inu dog, Floki, with the caption, “The new CEO of Twitter is amazing.”
Such demonstrations have had the effect of leading the market to think that, sooner or later, Twitter will introduce DOGE payments in one form or another.
Such suspicions have also been strengthened by the news that came last week. Twitter is partnering with eToro to bring crypto and stock trading to its platformJanuary news doesn’t mention that the social media firm is actually expanding its digital payment plans,
If DOGE is included in any of the digital payment features on Twitter, there is no doubt that Meme Token will skyrocket.
From above $0.09, it could easily cross $0.10 and potentially reach $0.05 by the end of the year, before a bull run could potentially take it as high as $1 in 2024.
This other meme token has better originals
But while there is no doubt that Musk is very fond of DOGE, there is no real indication or confirmation that DOGE-based will be coming to Twitter anytime soon.
Traders looking for above-average profits in the short term may prefer to look at other promising coins love hate inu One of the most interesting new altcoins in the market at the moment.
The pre-sale for its LHINU token has raised over $4.9 million, despite being open for less than a month.
This stands as a massive market endorsement of Love Hate Inu, an Ethereum-based decentralized voting platform.
Its major selling point is that it will reward users (in LHINU) for participating in polls and surveys, covering a wide range of questions, issues and areas.
Users will be able to earn a regular income by staking LHINU, making it a potentially very profitable coin to hold.
Interestingly, Love Hate Inu will use the viral and fun nature of the meme token to help it build a thriving community of voting participants, something that will be helped by the vote-to-earn nature of its platform. .
Investors can join by visiting its presale Official Love Hate Innu WebsiteWhere they can use USDT, ETH or fiat currency to buy altcoins.
The sale is now in its fifth phase, with one LHINU token priced at $0.0000115, although it will rise again to $0.0000125 in four days when the sixth phase begins.