Dogecoin, the leading indicator for alt season?

5 May 2021

Dogecoin, the leading indicator for alt season?

Dogecoin, the leading indicator for alt season?Dogecoin (DOGE) has been the poster child of altcoins for a very long time, particularly as it's been around since 2013, making it one of the oldest cryptocurrencies in existence. The inflationary meme-coin quickly became synonymous with wild price pumps due to its small nominal value and concentrated holdings.Such unprecedented short-term price rallies history caused some investors to use DOGE price as a leading indicator for an altcoin season. Dogecoin historical pumps since 2017. Source: TradingViewJuly 2020 total altcoin market cap vs. Dogecoin, USD. Source: TradingViewNov. 2020 total altcoin market cap vs. Dogecoin, USD. Source: TradingViewEarly 2021 total altcoin market cap vs. Dogecoin, USD. Source: TradingViewApril 2021 total altcoin market cap vs Dogecoin, USD. Source: TradingViewVORTECS™ Score (green) vs. DOGE price. Source: Cointelegraph Markets Pro

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