News

Day after Dogeday: investors in Dogecoin feel the pain after the cryptocurrency flops

Yesterday was two unofficial holidays people had high hopes for. It was Pot Day (4/20, everyone) and Dogeday. Pot Day went off as expected: People got high and had access to some good deals on munchies. But Dogeday? Woof—it was pretty bad.

But just what was Dogeday? It was a holiday orchestrated by cryptocurrency speculators who wanted to pump the Dogecoin (DOGE) up in value. Their goal was to see DOGE hit $1 by the end of the day. That would have been more than doubling the $0.42 price of a Dogecoin on Monday.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s