Dogecoin (DOGE) price jumped 36% on April 13th, setting a whole new time at $ 0.0961. Although the exact cause of the surge is unknown, the most popular currency in the cryptocurrency market is now on the list of cryptocurrencies that are considered a payment option in reopening today after the pandemic.
Data from Cointelegraph Markets and TradingView shows that DOGE rose 36% from a low of $ 0.07 in the early hours of April 13th to an intraday high of $ 0.0961 on a trading volume of $ 5.4 billion.
4 hour DOGE / USDT chart. Source: TradingView
The price rise of Dogecoin becomes one of the highlights of 2021 as famous influencers like Elon Musk, Snoop Dogg and Mark Cuban are proud members of the Dogecoin Army, as evidenced by the large number of DOGE-related tweets on their schedules. … …
VORTECS data from Cointelegraph Markets Pro began to show an optimistic outlook for DOGE on April 11th, ahead of the latest price rally.
Cointelegraph’s exclusive VORTECS Crude Score is a mathematical comparison of historical and current market conditions drawn from a range of data points, including market sentiment, trading volume, recent price movements, and Twitter activity.
VORTECS ™ sunglasses (green) for the price of DOGE. Source: Cointelegraph Markets Pro
As shown in the chart above, VORTECS turned green for the first time on April 8th and then reached a high of 67 on April 10, about three hours before the short 30% rally on April 11th. On April 12 and it reached 87 on April 13, when DOGE started collecting another 40%.
Now that cryptocurrencies have gained regular attention and new signs of adoption appear daily, projects like Dogecoin with large communities and celebrity support are preparing to see a new wave of interest as new users enter the room in search of the next big moon shot.