Dogecoin ($DOGE) could be on the verge of a 180% surge in value, according to popular Crypto Analyst called Kaleo. This increase could be propelled by the virtual meme holiday 4/20. There is an interesting backstory to the date. Back in the 1970s, a group of California high school students used the code 420 to signify the time of their meeting for smoking weed. The culture and effects of marijuana, plus legal matters relating to it, are often mocked and made fun of in popular culture resulting in a plethora of memes. Kaleo is of the opinion that Cryptocurrency investor and CEO of Twitter, Tesla and SpaceX, Elon Musk, will contribute with tweets regarding Dogecoin.

Google search stats are testament to the meme holiday's effect on Dogecoin, as searches for “buy Doge” and “Buy Dogecoin” have skyrocketed by an astounding 1,044% and 253%, respectively, in the past seven days. The trading volume for Dogecoin has also experienced a rise in the wake of Twitter's logo change.

Dogecoin is currently being held by long-term investors, with them currently owning 44.8 billion tokens. This is worth over $4.5 billion. But, with Kaleo's prediction that could double, as they peg $ 0.25 as a target for Dogecoin's price.

The attention of the crypto market is now fixated on 4/20, as Dogecoin and related searches have surged. There is speculation that Elon Musk has another meme up his sleeve to help spur this growth. Kaleo himself seems very confident in the future of Dogecoin; that it will eclipse the 10 cent mark and keep going.



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