Dogecoin (DOGE) hits a new ATH as bitcoin bulls attempt to flip $ 63,000 in support


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The price of Dogecoin (DOGE) saw a strong rally of 36% on April 13, hitting a new all-time high of $ 0.0961. While the exact reason for the rally is unknown, the crypto market’s most popular meme coin is now on the shortlist of cryptocurrencies to be considered as a payment option in today’s post-pandemic reopenings.

Data from Cointelegraph Markets and TradingView show that DOGE rose 36% from a low of $ 0.07 in the early hours of April 13 to an intraday high of $ 0.0961 on $ 5.4 billion trading is.

DOGE / USDT 4 hour chart. Source: TradingView

Dogecoin price growth has become one of the biggest stories of 2021 as big-name influencers like Elon Musk, Snoop Dogg, and Mark Cuban are proud members of the Dogecoin Army, as shown by a large number of DOGE-related tweets timelines.

Cointelegraph Markets Pro’s VORTECS ™ data began to see an optimistic outlook for DOGE on April 11, ahead of the recent price hike.

The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS ™ Score (green) vs. DOGE price. Source: Cointelegraph Markets Pro

As can be seen in the graph above, the VORTECS ™ Score for DOGE went green on April 8th and hit a high of 67 for about three hours on April 10th before a brief 30% rally took place on April 11th. After this rally, the VORTECS took place ™ The score rose rapidly on April 12th and peaked at 87 on April 13th when DOGE started collecting another 40%.

Now that cryptocurrencies are getting the general attention and new signs of adoption are popping up daily, projects like Dogecoin with large communities and celebrities are facing a new wave of interest as new users enter the room looking for the next big shot to the moon.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every step of investing and trading involves risk and you should conduct your own research when making a decision.