Early 2021 Dogecoin Boom

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About

On January 27th, 2021, following the initial events of the GameStop stock surge, Redditor vavilover made a post in cryptocurrency-themed /r/SatoshiStreetBets subreddit suggesting that users should "pump" Dogecoin next, with the post gaining over 200 upvotes in one week. Later on the same day, Redditor lomac2w0 made a post in which they suggested starting a Dogecoin rally, with the post gaining over 9,600 upvotes in one week. Within one hour, Redditor DODGECOINPSU made a detail posted in which they hyped up the cryptocurrency, with the post gaining over 41,400 upvotes in /r/dogecoin subreddit prior to being removed by the moderators

Posted by u/lomac2w0 1 day ago 2 2 2 W 2 19 e21 3 22 16 2 6322 With all this going on does anyone want to try to kick off a Dogecoin Rally?????? It's really cheap and wouldn't be that hard to do. Discussion 2700 Comments Give Award Share 99% Upvoted ...

Posted by u/DODGECOINPSU 17 hours ago 4 42 2 A 39 9 W2 2 O 10 2 10 37.8k 201 178 4 3 247 98 3 3 183 14 2 34 13 3 I have a proposition. This is how we can dogecoin to the moon but we need everyone's HELP. Serious HEIP: If you see this the mods took it down for no reason so if you can spam them to put it back. We can get back to work then. Something fishy is going on and posts are being removed we need this one it made headlines of CNBC MEGATHREAD: We have all seen what is going on with the r/wallstreetbets and how they got GameStop to the moon. We need to make this a mega thread which will make the front line of the popular page where dogecoin will get more exposure then ever. If we keep pumping money into it, while giving dogecoin exposure, people we believe along with myself am a frim believer that this is the next bitcoin. We now see the power of reddit! You need to upvote this post and comment any ideas you have to take dogecoin through stratosphere. Everyone: This is a serious matter, We the people can make this the next Bitcoin, we have to push DOGECOIN by spreading the word, this post, and this community. We can make enough to retire our parents, provide for individuals in need, and raise our standard of living.

Between January 27th and 28th, following multiple posts and memes on Reddit and Twitter, the price of the currency rapidly rose by over 900% from $0.0076 to $0.0082. On January 28th, Elon Musk tweeted a mockup cover of a made-up magazine titled DOGUE, likely referencing Dogecoin and further assisting the growth.

In the early hours of February 4th, 2021, Elon Musk tweeted a photograph of a space rocket taking off, then writing "Doge" in the same thread (shown below, left). Following Musk's tweet, the price of Dogecoin rapidly rose from $0.0397 to $0.0505, with Musk proceeding to make several more tweets about Dogecoin.

On 21/04/2021 The Market Cap of Dogecoin is more than 27 Billion.

Dogeday

Dogeday is an unofficial holiday celebrating Dogecoin cryptocurrency that is scheduled to happen on April 20th, 2021, which is also the 420 Day celebrated by cannabis enthusiasts. Proposed by a Redditor in /r/dogecoin subreddit and picked up by the Dogecoin community, the holiday has become a subject of hype-up memes, with users discussing possible moves in the price of Dogecoin.

On January 30th, 2021, during the Dogecoin surge prompted by posts in the /r/SatoshiStreetBets and /r/dogecoin subreddits, Redditor unknwnrand posted an image that urged /r/dogecoin subscribers to buy Dogecoin on February 4th between 6 p.m. and 9 p.m. EST. The post received over 230 upvotes prior to being removed by the moderators.

On March 29th, 2021, Twitter user @BadonkaDoge replied to Twitter user @ChurchOfPumps that they were making April 1st, April Fools' Day, into Dogeday). Within 10 minutes, @ChurchOfPumps tweeted, "#April1st shall be known as #DogeDay," with the tweet gaining over 50 retweets and 170 likes in three weeks.

Separately from attempts to establish Dogeday on February 4th and April 1st, between February 22nd and April 10th, Redditor] doge2dmoon posted multiple comments in which they communicated an intention to hold their Dogecoins until April 20th, 2021 (2021 'Weed' Day). On April 10th, doge2dmoon, using their alternative Reddit account DoGeToDaMoOnWoW, posted a Dust Storm Dog captioned "Dogeday 4/20." The post received nearly 290 upvotes in /r/dogecoin subreddit.