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April 1, a day known for pranks and surprises, is also a big deal for Dogecoin (DOGE) fans who focus on the numbers instead of the hype. In the past, DOGE has shown some pretty stunning price movements around April Fools' Day, with gains of 29.36% in 2022, 36.37% in 2023 and 22.92% in 2024.
Tomiwabold OlajidePast performance does not guarantee future results, but these figures raise questions about whether something similar could happen again in the coming days.
Of course, there is the whole external influence thing that has always been a part of the DOGE experience.
For example, Elon Musk, whose social media activity has a history of causing reactions in the meme coin community, has played a role in these eruptions, whether through a cryptic tweet, an unexpected comment or even something as visible as replacing X's logo with a Doge meme image, as he did in 2023.
While it is hard to say for sure if history will repeat itself, patterns often emerge that make it hard to ignore.
Right now, Dogecoin is sitting around $0.17, which does not seem like a lot, but when you look at how it was done in the past, it is a whole different story.
Yuri MolchanIf the pattern holds, 20-30% movement is not out of the question, but market conditions, sentiment and external factors always play a part. Whether this April will see another short-term rally or if external conditions like the macroeconomy or "tariff wars" or other news outside of crypto break the cycle is a question that will answer itself soon enough.
Vladislav Sopov
Dan Burgin