The cryptocurrrency markets opened with reds today as BTC seems to be recovering from the recent bloody market dip that was witnessed on Sunday. Surprisingly, DOGE seems to have resumed its uptrend. The crypto asset is up with over 20% and currently trading at $0.4 at the time of writing.
DOGE to new Highs with Social Media Campaign?
In a report yesterday by CryptoTVplus, the CEO of Galaxy Digital, Mike Novogratz compared the surge in price of Dogecoin to the case of Gamestop sometimes earlier this year, 2021 when a Reddit group sent the price of the stocks to the roof.
The chief executive stated that DOGE barely had a solid use case but that its strength is on its community and the community seems to be keeping the price at the current ridiculous trading price.
The speculation of Novogratz seems to be coming to play as $DOGE is about to reach new ATHs. The community is currently trending a “DOGEDAY” with different memes of the dog and the Tesla CEO, Elon Musk. The campaign is currently above the famous ‘420 day’ on the trend board on Twitter.
The aim of the community behind the trend is to send DOGE’s price to the moon today, make 4th April a day for the celebration of Dogecoin and ultimately to send the price to $5 with time. While there are controversies around this as whether it is a scheme by whales to dump on unaware retail traders or speculation that the aim is not realistic, DOGE might still fly.