Recently the price of Dogecoin has successfully managed to rally to a brand new all-time high. On the other hand, cryptocurrency is growing rapidly as the mainstream interest is increasing. This is clearly evident as the entire market capitalization of the crypto sector exceeds $2.19 trillion.
Dogecoin price has lately experienced a powerful rally of 36% on 13th April. They have established a record high by touching the $0.0961 mark.
Record High Of Dogecoin Price
As of now the exact reason for the increased crypto rally remains unknown, the most popular crypto meme coin is presently witnessing great heights. Dogecoin has been shortlisted as a participant for being utilized as a payment when the businesses reopen in the post-pandemic world.
According to the reports of TradingView and Cointelegraph Markets reveal that DOGE has spiked by a massive 36% on Tuesday. They reached the $0.0961 intraday high from a $0.07 low with a trading volume of $5.4 billion.
This growth of this meme coin has been encouraged by big influencers including Elon Musk, Mark Cuba, and Snoop Dogg. They are the members of the DOGE Army owing to the reason that they frequently tweet about this coin on their timeline.
This bullish outlook had been previously noticed by VORTECS on 11th April. Their data has shown that DOGE had started turning green from 8th April after they touched the 67 high on 10th April.
Soon after this rally, they started rising at an exponentially fast pace on 12th April and eventually reached the 87 high on 13th April, indicating an additional 40% rally. DOGE is expected to experience large-scale celebrity endorsements as well as achieve new users owing to the mainstream attention towards crypto markets.