DOGE, the native cryptocurrency of Dogecoin, rose 123% in the past seven days as the altcoin market saw a resurgence in momentum.
The price of Dogecoin (DOGE) has rallied by more than 123% this week, hitting a new all-time high of $0.13 on strong technical momentum.DOGE/USDT 4-hour price chart (Binance). Source: TradingView.comIt has been competing against Chainlink’s LINK for the top-10 spot, with both cryptocurrencies hovering at around $17 billion in market capitalization.There are three major reasons why DOGE saw a steep climb over the past seven days. These include Elon Musk’s tweets, the resurgence of altcoins and the positive sentiment around crypto in general.Altcoin market rallies strongly with positive sentimentThroughout the past week, many of the “OG” altcoins, such as XRP, Tron (TRX) and Stellar (XLM), saw massive rallies following Bitcoin’s (BTC) upsurge to a new all-time high above $64,000.XRP, for e

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Źródło: https://cointelegraph.com/news/3-reasons-dogecoin-is-up-123-this-week-hitting-10-cents-for-the-first-time