Grayscale recently met with the SEC’s crypto task force, urging for approval to allow Ethereum staking through its ETFs. The company emphasized that $61 million in rewards have been missed due to current regulations. Grayscale is requesting an update to its Form 19b-4 filings for the Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH). If approved, these changes would enable the company to directly earn staking rewards, optimizing potential returns for investors.
Dogecoin price dipped 1.2% on Sunday, April 20, as the community marked “DOGE Day” 2025 — the annual celebration of the beloved memecoin’s cultural rise. While previous editions sparked rallies and online hype, this year’s DOGE Day saw more cautious sentiment.
What Is DOGE Day?
DOGE Day, celebrated every April 20 (4/20), is a crypto event popularized by Dogecoin fans and traders.
It originally began as an internet movement to push DOGE to $1 in 2021 and has since evolved into a yearly event marked by online campaigns, memes, and speculative trading activity. For many, it’s a tribute to the memecoin’s origins and a symbol of community-driven growth in the crypto space.
With a market cap of $23.2 billion at press time, Dogecoin maintains its status as the world’s largest memecoin community. However, the DOGE day celebrations have ticked-off with a more subdued tone. On Sunday, DOGE price hovered around $0.159, down 1.2% on the day.
Dogecoin price action, April 20, 2025 | Source: Coingecko
This capped off a lackluster week that saw Dogecoin fail to break out of its consolidation range, stuck below $0.17 despite brief spikes in volume midweek.
The broader crypto market also saw mixed sentiment, with Bitcoin trading sideways near $83,000 and meme coins struggling to regain momentum after a hot Q1. While past DOGE Day celebrations often coincided with speculative surges, 2025’s edition fell short of the hype.
How Will Dogecoin Price React to DOGE Day 2025 Celebrations?
Historically, DOGE Day has sparked renewed interest and short-term rallies in the days leading up to April 20. In both 2021 and 2023, Dogecoin logged double-digit gains as traders piled in on bullish memes and viral campaigns.
But this year, the narrative has shifted — weighed down by political tension, fading enthusiasm, and bearish signals from Dogecoin’s most influential supporter, Elon Musk.
Tesla Stock Price, April 20 | Source: NASDAQ
Recent backlash against Musk has cast a shadow over DOGE sentiment. The billionaire entrepreneur, now heading the Department of Government Efficiency (DOGE) within the Trump administration, has come under fire after job cuts triggered nationwide protests.
Investor sentiment, particularly among retail raders, has soured amid concerns over Musk’s political involvement with the DOGE agency and Trump’s renewed trade tariffs.
As a result, assets linked to Musk — including Tesla stock and Dogecoin — have struggled in recent weeks.
As seen in the chart above, Tesla’s TSLA share price closed trading at $241 on Friday shedding 4.15% in the past trading week. Likewise, DOGE price has shed over 12% from its local April high of $0.17 recorded on April 12.
Hence, the muted price action on Sunday, confirms that investors remain hesitant to enter large positions amid the 2025 DOGE Day celebrations.
Dogecoin Price Forecast: DOGE Risks Drop to $0.142 as Momentum Stalls Below Resistance
Dogecoin price forecast today leans cautiously bearish as DOGE struggles to hold above $0.1558, with technical indicators pointing to weakening momentum.
As depicted below, DOGE price is currently pinned just below the 5-day, 8-day, and 13-day simple moving averages — clustered tightly around $0.156 to $0.157 — forming a resistance band that has consistently capped upward attempts. The failure to reclaim this zone suggests bulls are losing steam after a sluggish DOGE Day performance.
Dogecoin Price Forecast
The Relative Strength Index (RSI) reads 43.95, hovering just above its signal line at 43.06. While that reflects a mild attempt at recovery, it remains in bearish territory under 50, underscoring the lack of strong buyer conviction. The narrow range with declining volume, hinting at indecision and possible downside continuation.
Within these conditions, Dogecoin price is likely to break below the $0.15 and tumble toward $0.142 — last tested during the April 13 sell-off.
Canada Crypto Week returns for its fifth year, running May 11–17, 2025, bringing international attention to the city. Anchored by two global conferences: Consensus & Blockchain Futurist Conference, this week-long celebration will transform Toronto into a global hub for crypto, AI, and Web3.
Over 100 satellite events will take place across the country offering countless educational and networking opportunities. Many events are free and accessible, reflecting the community-first ethos that defines Web3 and Canada Crypto Week.
For those planning their week, it’s worth noting that Blockchain Futurist Conference on May 13th at the Design Exchange (Old Toronto Stock Exchange) hosts multiple side events all at the same venue making it easy for attendees to experience multiple events without the commute. Side events at Futurist Conference include:
Privacy 2.0: The AI Revolution by Secret Network | Register here
After dipping to a low of $1.96, XRP has made a strong comeback, gaining more than 4% in the last 24 hours. The price has jumped above the $2.11 mark and is now aiming to break higher levels.
This rebound signals renewed bullish momentum, with traders watching closely to see if XRP can maintain this upward trend and target new resistance levels. The market’s positive sentiment is fueled by growing interest in XRP, especially in regions like South Korea, where it continues to dominate trading volumes.
Has XRP Outpaced BTC And ETH?
XRP is one of the top-traded cryptocurrencies in South Korea, especially on Upbit, the country’s leading exchange. According to Kaiko Research, XRP-KRW has held the top spot for trading volume 70 times this year, even outpacing Bitcoin (BTC) and Ethereum (ETH) in popularity.
Unlike global markets where BTC and ETH dominate, South Korea’s crypto scene is more diverse, with altcoins like XRP, STX, DOGE, and SOL frequently topping trading charts. XRP’s strong demand reflects its active community and liquidity in the region.
“Upbit, on the other hand, has had more than 40 different instruments grab the top spot on at least one day. XRP-KRW has the most days on top at 70, followed by BTC-KRW at 64. After that, it’s chaotic. Tokens like T (yes, just T), HIVE, PUNDIX, and STEEM have all spent at least a day at the top,” a research by Kaiko said.
South Korea’s strict crypto regulations, requiring exchanges to register with the Financial Intelligence Unit (FIU), have helped create a stable trading environment. Despite global attention often focusing on the U.S. or Europe, South Korea’s vibrant crypto market—especially XRP’s performance—shows just how dynamic and unique it truly is.
The post XRP News Today: Price Rises 4%, Ripple Outpaces BTC and ETH in South Korea appeared first on Coinpedia Fintech News
After dipping to a low of $1.96, XRP has made a strong comeback, gaining more than 4% in the last 24 hours. The price has jumped above the $2.11 mark and is now aiming to break higher levels. This rebound signals renewed bullish momentum, with traders watching closely to see if XRP can maintain this …
