DOGE price is up today as on-chain data shows and uptick in network activity and Dogecoin wallet balances.
Dogecoin (DOGE) price is up today as the wider crypto market undergoes a sharp recovery.
DOGE price has climbed over 5% over the last 24 hours to an intraday high of $0.1409 on May 3, outperforming the crypto market, which rose by around 3.63% in the same period. The memecoin’s price followed a recovery in Bitcoin (BTC) that has witnessed nearly an 8.34% ascent in the last two days.
Let’s take a closer look at the most likely reasons behind Dogecoin’s latest rally.