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.
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.
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.
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