Dogecoin enthusiasts around the globe are today celebrating "Dogeday," an increasingly popular annual tradition that highlights the meme cryptocurrency’s passionate fan base.

如今，全球的Dogecoin愛好者正在慶祝“ Dogeday”，這是一種日益流行的年度傳統，突出了Meme Cryptocurrency熱情的粉絲群。

This marks the fourth year of this celebration, which is held on April 20. It began as an online joke in 2013, and has since become the eighth-largest cryptocurrency by market cap.

這標誌著這次慶祝活動的第四年，於4月20日舉行。它始於2013年的在線笑話，此後已成為市值的第八大加密貨幣。

Community Spirit Fuels $23 Billion Market Cap

社區精神為市值230億美元燃料

What began as a joke project in 2013 has become a serious money player with a market capitalization of about $23.3 billion, based on CoinGecko..

始於2013年的一個笑話項目，已經成為一名認真的貨幣參與者，其市值約為233億美元，基於Coingecko。

Analysts attribute the success of Dogecoin to its robust community.

分析師將Dogecoin的成功歸因於其強大的社區。

“Bitcoin or Ethereum is capped supply, while inflation in Dogecoin helps small investors carry big bags,” Anndy Lian, a blockchain advisor, told Smart Money.

區塊鏈顧問安迪·利安（Anndy Lian）告訴Smart Money：“比特幣或以太坊封頂，而Dogecoin的通貨膨脹可以幫助小型投資者攜帶大型行李。”

The coin introduces around 5 billion new coins annually, keeping entry fees low for newcomers. This strategy has created a devoted fan base that shows up in large numbers for the annual April 20th celebration.

硬幣每年介紹約50億個新硬幣，使新移民的入場費低。該策略創造了一個忠實的粉絲群，該策略大量出現在4月20日的慶祝活動中。

It seems to have begun in 2021, with the cryptocurrency aligning itself with International Weed Day.

它似乎始於2021年，加密貨幣與國際雜草日保持一致。

ETF Decisions May Alter Dogecoin's Destiny

ETF的決定可能會改變狗狗的命運

Some of the large financial institutions are now awaiting the decisions on the Dogecoin ETF proposals, which could bring this cryptocurrency further into the limelight for mainstream investors.

一些大型金融機構現在正在等待Dogecoin ETF提案的決定，這可能會使這種加密貨幣進一步成為主流投資者的眾人矚目的焦點。

According to the sources that are privy to the development, applications are presently being considered by the U.S. Securities and Exchange Commission (SEC) for Bitwise, Grayscale (CRYPTO:LIT ), 21Shares, and Osprey Funds among others.

根據該開發發展的資料，美國證券交易委員會（SEC）目前正在考慮申請，以獲取Bitwise，Grayscale（Crypto：LIT），21shares和Osprey資金。

The initial approvals may arrive as early as May 18 for Bitwise, then Grayscale’s deadline on May 21. But the SEC can delay final decisions until October.

最初的批准最早可能會在5月18日到達，然後在5月21日的截止日期之前到達。但是SEC可以將最終決定推遲到10月。

With approval, those ETFs would enable institutional investors such as pension funds and banks to invest in Dogecoin through standard stock exchanges, potentially injecting massive new money into the space.

經過批准，這些ETF將使諸如養老基金和銀行等機構投資者通過標准證券交易所投資Dogecoin，並可能向該領域注入大量新資金。

Musk's Endorsement Keeps Fuelling Popularity

馬斯克的認可不斷加劇流行

Elon Musk’s (CRYPTO:TSLA ) continued support has been crucial to Dogecoin’s sustained popularity in the saturated cryptocurrency market. The entrepreneur behind Tesla and SpaceX has continually referred to Dogecoin as “the people’s crypto,” with his social media posts frequently causing price spikes.

埃隆·馬斯克（Elon Musk）的（加密：TSLA）持續支持對於Dogecoin在飽和的加密貨幣市場中的持續流行至關重要。特斯拉和SpaceX背後的企業家不斷將Dogecoin稱為“人民加密貨幣”，他的社交媒體帖子經常引起價格上漲。

However, despite its cultural following, some question Dogecoin’s long-term sustainability. In contrast with Bitcoin or Ethereum, Dogecoin has no technical features such as smart contracts and staking. Its popularity relies on the hype on social media and from celebrities more than technological advancements.

然而，儘管有文化的關注，但一些質疑狗狗幣的長期可持續性。與比特幣或以太坊相比，Dogecoin沒有智能合約和既定的技術功能。它的受歡迎程度依賴於社交媒體和名人的炒作，而不是技術進步。

Despite this, hashtags such as #Dogeday2025 and #DogecoinToTheMoon were being used on X. People shared memes of the Shiba Inu mascot in space suits, jokes about future riches, and videos commemorating the longevity of the cryptocurrency in a risky market.

儘管如此，在X上使用了＃dogeday2025和#dogecointothemoon之類的主題標籤。人們在太空訴訟中分享了shiba Inu吉祥物的模因，關於未來財富的笑話以及紀念冒險市場中加密貨幣的壽命的視頻。