Dogecoin’s price continued to fall on Thursday morning, two days after supporters celebrated ‘dogeday 4/20’, but its online community of fans remain undeterred.
Dogecoin (DOGE-USD) was down 16% to $0.2822 (£0.2). On Tuesday, it had hit $0.4252 and its market capitalization briefly crossed $50bn as supporters tried to push the price to between $0.69 to $1.
Despite the falling price, Twitter users who have bought the currency say they continue to ‘hodl’ (a deliberate misspelling of ‘hold’ that refers to buy-and-hold strategies in the context of cryptocurrencies) the joke token.
@DogecoinRise, who has 303,000 followers, tweeted: “We’ve Came A Long Way From Waiting For #DOGE To Get To $0.01-$0.05 This Dip Is Nothing To #DOGE Supporters Who Been Here Since Day. #DogecoinRise”.
Snickers, owned by Mars Inc, was among brands supporting dogeday. Earlier, it once again showed solidarity with the ‘dogearmy’:…
