The price of Dogecoin rose by 4.5% in the past 24 hours as the arrival of “Doge Day” pushed the meme token up to $0.091902. This rise occurred at a time when the cryptocurrency market as a whole fell 1%, indicating that 4/20 and Doge Day had a real influence on traders, who may have expected Dogecoin’s developers or Elon Musk to do something to mark the occasion. DOGE is up by 10% in the past week and by 27% in the last 30 days with the altcoin also posting a 30% return since the beginning of the year. Elon Musk’s continued support of DOGE is keeping the medium- and long-term outlook promising, as he continues to reference and champion the meme token at almost every available opportunity. There are suspicions that sooner or later Twitter will introduce DOGE payments in some form, building on January’s news that the social media firm is pushing ahead with its digital payments plans. Meanwhile, traders looking for above-average gains in the shorter term may prefer to look at other promising coins such as Love Hate Inu. The presale for its LHINU token, an Ethereum-based decentralized polling platform, has raised more than $4.8 million, despite having been open for less than a month.
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