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爱好者正在庆祝“ Dogeday”，这是一种日益流行的年度传统，突出了Meme Cryptocurrency热情的粉丝群。

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.

这标志着这次庆祝活动的第四年，于4月20日举行。它始于2013年的在线笑话，此后已成为市值的第八大加密货币。

Community Spirit Fuels $23 Billion Market Cap

社区精神为市值230亿美元燃料

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..

始于2013年的一个笑话项目，已经成为一名认真的货币参与者，其市值约为233亿美元，基于Coingecko。

Analysts attribute the success of Dogecoin to its robust community.

分析师将Dogecoin的成功归因于其强大的社区。

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

区块链顾问安迪·利安（Anndy Lian）告诉Smart Money：“比特币或以太坊封顶，而Dogecoin的通货膨胀可以帮助小型投资者携带大型行李。”

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.

硬币每年介绍约50亿个新硬币，使新移民的入场费低。该策略创造了一个忠实的粉丝群，该策略大量出现在4月20日的庆祝活动中。

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

它似乎始于2021年，加密货币与国际杂草日保持一致。

ETF Decisions May Alter Dogecoin's Destiny

ETF的决定可能会改变狗狗的命运

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.

一些大型金融机构现在正在等待Dogecoin ETF提案的决定，这可能会使这种加密货币进一步成为主流投资者的众人瞩目的焦点。

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.

根据该开发发展的资料，美国证券交易委员会（SEC）目前正在考虑申请，以获取Bitwise，Grayscale（Crypto：LIT），21shares和Osprey资金。

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会在5月18日到达，然后在5月21日的截止日期之前到达。但是SEC可以将最终决定推迟到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.

经过批准，这些ETF将使诸如养老基金和银行等机构投资者通过标准证券交易所投资Dogecoin，并可能向该领域注入大量新资金。

Musk's Endorsement Keeps Fuelling Popularity

马斯克的认可不断加剧流行

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·马斯克（Elon Musk）的（加密：TSLA）持续支持对于Dogecoin在饱和的加密货币市场中的持续流行至关重要。特斯拉和SpaceX背后的企业家不断将Dogecoin称为“人民加密货币”，他的社交媒体帖子经常引起价格上涨。

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，尽管有文化的关注，但一些质疑狗狗币的长期可持续性。与比特币或以太坊相比，Dogecoin没有智能合约和既定的技术功能。它的受欢迎程度依赖于社交媒体和名人的炒作，而不是技术进步。

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.

尽管如此，在X上使用了＃dogeday2025和#dogecointothemoon之类的主题标签。人们在太空诉讼中分享了shiba Inu吉祥物的模因，关于未来财富的笑话以及纪念冒险市场中加密货币的寿命的视频。