Dogecoin rose to an all-time high as mainstream interest in cryptocurrencies increased and after total crypto market capitalization exceeded $ 2.19 trillion.
DOGE also broke records after Bitcoin and Ethereum
The price of Dogecoin (DOGE) experienced a strong 36% rally on April 13 and rose to an all-time high of $ 0.0961. While the exact cause of the rally is unknown, the crypto market’s most popular joke cryptocurrency finds itself on the shortlist of cryptocurrencies considered a payment option as businesses reopen after the pandemic.
While the exact cause of the rally is unknown, the most popular breast coin in the crypto market finds itself on the shortlist of cryptocurrencies considered a payment option in today’s post-epidemic business reopening.
Data from Cointelegraph Markets and TradingView show that DOGE rose 36% from $ 0.07 in the early hours of Tuesday to $ 0.0961, with a trading volume of $ 5.4 billion.
The price increase for Dogecoin has become one of the biggest stories of 2021. Because big names like Elon Musk, Snoop Dogg and Mark Cuban posted a lot of tweets about DOGE.
VORTECS ™ data from Cointelegraph Markets Pro began to detect a bullish outlook for DOGE on April 11 before the recent price hike.
An algorithmic comparison of historical and current market conditions derived from a combination of data points such as Cointelegraph’s exclusive VORTECS ™ Score, market sentiment, trading volume, recent price movements and Twitter activity.
As the chart above shows, the VORTECS ™ Score for DOGE first started turning green on April 8th and then rose to 67 on April 10, about three hours before staging a brief 30% rally on April 11th. The score started to rise rapidly on April 12 and reached 87 when DOGE rallied 40% on April 13.
Now, projects with large communities and famous cryptocurrencies like Dogecoin are seeing a wave of interest as cryptocurrencies are gaining mainstream attention with new signs of adoption emerging every day.