Dogecoin (DOGE) price experienced a strong 36% rally on April 13 and established a new all-time high at $0.0961. While the exact reason for the rally is unknown, the crypto market’s most popular meme coin now finds itself on the shortlist of cryptocurrencies being considered as a payment option in today’s post-pandemic business reopenings.
While the exact reason for the rally is unknown, the crypto market’s most popular meme coin now finds itself on the shortlist of cryptocurrencies being considered as a payment option in today’s post-pandemic business reopenings.
Data from Cointelegraph Markets and TradingView shows that DOGE rose 36% from a low of $0.07 in the early hours on Tuesday to an intraday high of $0.0961 on $5.4 billion of trading volume.
VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for DOGE on April 11, prior to the recent price rise.
The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.
Now that cryptocurrencies are receiving mainstream attention with new signs of adoption showing up daily, projects with large communities and celebrity endorsements like Dogecoin are poised to see a fresh wave of interest as new users enter the space looking for the next big moonshot.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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