Dogecoin Surges as ETF Decisions and Dogeday Coincide

Dogecoin experienced heightened community engagement and trading activity in April 2025, highlighted by the annual 'Dogeday' celebration on April 20 and a technical breakout with a notable price surge on April 22. The coin broke key resistance levels, saw a spike in trading volume across major exchanges, and increased activity in DOGE/BTC and DOGE/ETH pairs, reflecting strong bullish sentiment. Social media buzz, particularly around #DogeBOS, accompanied Dogecoin's volatile movement and speculation about further gains. The cryptocurrency's popularity remains driven by its meme-centric community, inflationary supply, and frequent endorsements from high-profile figures like Elon Musk. Several ETF applications from Bitwise, Grayscale, 21Shares, and Osprey Funds are under SEC review, with decisions possible as early as May 2025, potentially opening the door to institutional investment. Despite criticism of its technical utility and inflationary model, Dogecoin holds its position as the eighth-largest cryptocurrency by market cap, supported by robust retail enthusiasm.