---
title: "Dogecoin Hits $.420"
description: "On the holiest of pot smoking days, joke-but-not-actually-a-joke cryptocurrency Dogecoin hit 42 cents, or $0.420, as Bloomberg reports."
date: "2021-04-20"
modified: "2021-04-20"
authors:
  - name: "Victor Tangermann"
    job_title: "Senior Editor"
    link: "https://futurism.com/authors/victor"
url: "https://futurism.com/the-byte/dogecoin-hits-420"
categories:
  - "Blockchain"
  - "Cryptocurrency"
  - "Future Society"
tags:
  - "cryptocurrencies"
  - "dogecoin"
  - "elon musk"
  - "the digest"
---

# Dogecoin Hits $.420

![On the holiest of pot smoking days, joke-but-not-actually-a-joke cryptocurrency Dogecoin hit 42 cents, or $0.420, as Bloomberg reports.](<https://futurism.com/wp-content/uploads/2021/04/dogecoin-hits-42-cents.jpg>)
*\<em\>Image: Futurism\</em\>*

## 42 Cents

On an auspicious day in popular culture, joke-but-not-actually-a-joke cryptocurrency Dogecoin hit 42 cents, or $0.420, as [*Bloomberg* reports](<https://www.bloomberg.com/news/articles/2021-04-20/dogecoin-rips-in-meme-fueled-frenzy-as-biggest-cryptos-struggle?sref=YfHlo0rL>).

That may not sound like much, but that means the token soared a whopping 400 percent in just one week, to a market cap of some $51 billion, according to [CoinGecko.com](<https://www.coingecko.com/en/coins/dogecoin>).

Crypto enthusiasts on Twitter, ever eager to drum up memes and attention for the curious coin, [dubbed the phenomenon](<https://twitter.com/search?q=%23DogeDay&src=typeahead_click>) "Doge Day."

## Token Up

The coin, often celebrated through barrages of memes percolating through various social media channels, has seen a massive spike in popularity in recent weeks.

Tesla CEO Elon Musk himself has [confessed his love](<https://futurism.com/dogecoin-is-spiking-and-people-are-losing-their-minds>) for the Shiba Inu themed currency. Some of his previous tweets, in fact, have [sent](<https://futurism.com/the-byte/single-word-elon-musk-tweet-sends-crypto-dogecoin-soaring>) the cryptocurrency soaring.

Late last week, one Reddit user even found [themselves becoming a "Dogecoin millionaire,"](<https://www.reddit.com/r/dogecoin/comments/mrsx8e/hey_guys_i_just_became_a_dogecoin_millionaire/>) posting a screenshot showing a balance of $1,081,441.29 in their account.

"There’s a tribe of investors, many of them millennials, who see it as a cause, a movement," Antoni Trenchev, co-founder of crypto-lending firm Nexo, told *Bloomberg*. "Dogecoin is symptomatic of the zeitgeist happening before our very eyes."

Cryptocurrencies are finally being accepted by investors and markets around the globe. Just last week, Coinbase, a popular cryptocurrency exchange, was listed publicly on NASDAQ.

**READ MORE:** [Dogecoin Rips in Meme-Fueled Frenzy on Pot-Smoking Holiday](<https://www.bloomberg.com/news/articles/2021-04-20/dogecoin-rips-in-meme-fueled-frenzy-as-biggest-cryptos-struggle?sref=YfHlo0rL>) \[*Bloomberg*\]

**More on Dogecoin:** *[Dogecoin Is Spiking and People Are Losing Their Minds](<https://futurism.com/dogecoin-is-spiking-and-people-are-losing-their-minds>)*

## Author
I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida.

### Author social links  
[Bluesky](<https://bsky.app/profile/vtanger.bsky.social>)