April 20th was supposed to be an important day for dogecoin, but in the end the expectations of its fanatical friends and supporters did not come true.
The sixth largest cryptocurrency, based on its capitalisation, instead of rising further to the moon, stumbled, with its price falling to $0.29, well below the all-time high of $0.40 it had arrived last weekend.
Doge Day, was created on the internet by Redditors and Twitter groups, fanatical supporters of dogecoin. Several memes flooded social media, urging friends of the currency everywhere to support it, especially on April 20th.
Of course, there were also companies that hurried to express their support and participation in this improvised celebration day, aiming, of course to push DOGE to new high levels.
On the other hand, people like Elon Musk, who in the very recent past made sure that the lights turned on the favourite currency, failed to give the present. Thus, it turned out that the dynamics that seemed to acquire the currency, show its weaknesses too.